COFORGE trade ideas
One Right Trade's Swing Trade Idea #153 : Long on COFORGE This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
COFORGE #COFORGE
NIIT Technologies Ltd. (COFORGE) made a retest to the breakout area and is likely to stay positive until the stock holds today's swing low.
Technical parameters looks positive as of now.
Likely to see further momentum above swing high of 2272 level.
Keep a watch.
Is It good to go Long on this stock?* For Educational Purpose Only*
Reason: Short Term Resistance Breakout
Taking support on Trendline
Buy above 2103
SL 1915
Target 2479
CoForge Daily Analysis Cup and Handle Breakout Buy above 210CoForge Daily Analysis
Cup and Handle Breakout
Buy above 2102 for Target 2125- 2160- 2184-2204- 2258-2274- 2300+
Coforge (Niit Tech), Fresh high Positional BuyStrong closing above yearly high, shining strength of the bull in this
Buy with 1880 OR 140rs below entry as SL.
COFORGE HAS GIVEN FLAG BREAKOUT, GOOD BUY IF SUSTAINS ABOVE 2060COFORGE has broken its long condolidated zone in previous day session, sustainability abv 2060 is very imp. Looking at the market structure it can be bought anywhere above 2060 for swing trade with SL 2000
COFORGE has given a breakoutCoforge now the parent company of NIIT technologies has given breakout from its previous important resistance.
The scrip is ready to move up now. Keep an eye on it as it should give good return in 3 months to 1 year.
Keep stop loss of 1920 which is roughly around 8%.
**ideas are my own please invest accordingly**
resistance breakout donebuy above 2103 in intraday. buy after 9:20 when it breaks high of the day or 2105 whatever is max.
Coforge : Bullish breakout on daily and weekly chart with volumeNSE:COFORGE
Hi Traders,
COFORGE remained range-bound throughout month. It made new high with bullish breakout and volume on September 11. Now momentum will be continue and try to hit our target.
Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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Rounding top upside BreakoutNIITTECH( Now COFORGE) unable to break the 2025 zone repeatedly and in proces had made a rounding top like formation,
Yesterday fall was exactly on the support line of 1882.
Today it took the same support and rose significantly.
Its pushing upwards and will be able to break the resistane line of rounding top.
T1: 2025
T2: 2063
T3: 2115
COFORGE - Ascending Triangle bullish breakoutNote: This is for educational purpose only
There is an ascending triangle bullish breakout with high volume. RSI above 65 indicates bullish momentum as well. There is a supporting a trend line breakout in RSI as well.
