TRENDLINE IN CHART SAYS EVERYTHING. 3.50% FALL ON FRIDAY WITH 18.5% INCREASE IN OPEN INTEREST TOO SUPPORTS BREAKDOWN.
Coforge could see some correctional moves and should trickle downwards levels 2340 & 2240 post result announcements tomorrow.
SMALL DOUBLE TOP , EVENING STAR PATTERN AND NEGATIVE DIVERGENCE IN INDICATORS.
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...
Short Trade Entry Range: 2404.6 - 2420 SL: 2487 Target: 2361,2330,2300
#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.
Double top - neckline break. Market bearish.
* 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 2102 for Target 2125- 2160- 2184-2204- 2258-2274- 2300+
Strong closing above yearly high, shining strength of the bull in this Buy with 1880 OR 140rs below entry as SL.