Coforge Hourly Cup n Handle. TCoforge ready for a cup n handle breakout. 621 points upside from here.
This is an personal educational view, im not a sebi registered advisor. Pls do your due diligence before investing.
COFORGE trade ideas
Buy@6885Trade Type:--- This is not a conditional trade you can trade now.
Rules _for Advice
1 : Observed all Trend
2 : Trade in Short-term trends for a short time
3 : High Low followed
4 : Indicator followed
5 : Waited for pattern Formation and Breakout Point
6 : Pre Defined Stoploss and Target ( Given @ Line of both)
7 : Pre Defined Loss and Profit(Given at Top Right) * (Profit Loss in Thousand)
8 : Pre Defined Qty and Value(Given at Top Right) * (value in Lakh)
Note: - Whatever advice I am giving I have the same trade in my Account
COFORGE HOURLY CHART WITH GANN LEVELS RESULTS TODAYCOFORGE results to be declared today on 22/01/2024.
How to trade it being a volatile stock preferred by F&O traders.
Coforge was rejected at 6757.20 level afte entering into new price cycle.
Price was rejected from the start of the growth one in new cycle.
We are back to cluster zone support levels.
Cluster Prices to watch is 6300.05 and 6271.85 or term players.
Happy Trading !!!
N.B. Not an Trading Advice. With usual disclaimers as applicable for within the reach of this beautiful analysis platform.
COFORGE FAULTY Setup- Coforge is currently looking bullish
- Coforge can soon retrace back and take out some Buy side Liquidity
- From a swing perspective try avoiding it and wait for a retracement
- Do not enter longs here
Amazing breakout on Weekly / Daily Timeframe - COFORGECheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
COFORGE LONGThree rising method pattern is visible in weekly breakout after more than 2 years of consolidation. clear indication of upside is seen in the chart.
entry -above 6600
SL - 6000
trade accordingly with your target and use 9 ema for trailing stoploss .
#COFORGE (W)-Cup&Handle pattern 🔥🚀#COFORGE (W)-Cup&Handle pattern 🔥🚀
-CMP 6592
-Retest done
-Ascending MonthlyCPR
-Huge Volume buildup near the #breakout zone
Unlocking Potential: Coforge's Bullish Breakout 🚀Coforge, the stock that everyone's talking about! Today, it shattered its all-time high, painting the charts with a robust bullish candle and trading at 6584 rs. Let's dive into the details:
Coforge Ltd., an Information Technology company in the IT - Software sector, demonstrates strong fundamentals.
📊 Key Observations:
Coforge broke its all-time high today, fueled by a strong bullish candle and significant volumes.
The daily chart reveals a consistent surge in volumes accompanying bullish candles over the past days, indicating substantial buying interest.
Fundamentals are robust, providing a solid foundation for the stock's upward trajectory.
📈 Technical Insights:
In the weekly chart, we witness a remarkable journey. The stock hit its previous all-time high in January 2022.
Examining the last four weeks, we note a breakout of the previous all-time high. Following the breakout, the price retraced to test this level, and today, it surged past the previous all-time high.
📊 Fundamental Insights:
In terms of financial performance, Coforge exhibits robust numbers, including a Price-Earning Ratio (PE) of 58.86 and a PEG Ratio of 2.58. The company has consistently delivered positive returns, with a 5.8% increase in a day, 40.5% in 6 months, and an impressive 1,653.3% in 10 years. The organization's financial health is evident through metrics such as high return on equity, return on capital employed, and increasing annual earnings per share.
Furthermore, Coforge maintains a strong balance sheet with low leverage, high interest coverage ratio, and a high current ratio. The company consistently pays dividends, boasting a positive dividend yield of 0.97%. The stock has seen increased institutional and mutual fund shareholding, while retail shareholding has decreased. Notably, there is zero pledge on the company's shares.
In Fundamental summary, Coforge Ltd. stands out as a fundamentally sound company with a strong track record, positive financial indicators, and a promising outlook in the Information Technology sector.
💡 Trading Strategy:
Considering the compelling setup, a buy trade can be planned at the current market price (CMP).
Set a stop loss below today's candle, ensuring at least a 1:2 risk-to-reward ratio.
For those aiming to ride the rally, trailing the stop loss is recommended for maximizing returns.
🚨 Remember, trading involves risk, and it's crucial to manage it wisely.
Lastly, 🌟 Thank you for your support, your likes & comments. Let's keep learning and growing together! 🚀📈💪
🔄 Trading Motivation: Embrace the opportunities, manage the risks, and ride the waves of success! 🌊 🚀
🚫 Note: This analysis is for educational purposes only and not intended as a trading or investment recommendation. I am not a SEBI registered analyst.
Coforge AnalysisI am expecting a small downfall in Coforge Ltd. There is a trend line break down in small time frame. Also there is a trend line below in bigger time frame. So I am expecting the market to fall till the big time frame trend line.
coforge weekly chartthis stock has given a clear breakout as per me on the basis of the weekly chart analysis... its cup and handle ....we could see this stock to 8400 levels in a year or two.
Happy investing.
COFORGEBUY @ 6441.10 RS
TARGET 1 @ 6943.55 RS
TARGET 2 @ 8531.30 RS
BUYING CONFIRMATIONS : Cup with handle breakout in a weekly timeframe
Overall expected returns are around 32.00 %
COFORGECoforge is ready to move towards All time high. Long time Target is far from here. In short time we expect this price 7300 level. 5850 to 6000 is strong support area.
COFORGE - Cup & Handle BreakoutCOFORGE has formed Cup & Handle formation on weekly charts. Breakout above ₹6,000/- could lead to a run to ₹6,400/- with a Stop Loss of ₹5,500/-
Coforge Bullish channels 📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channels
📌 Symbol/Asset: Coforge
🔍 Description: Stock is making higher high and Lower high.
Stock is in a Rising channel and we can see huge upside withing the channels.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Weekly breakout after 2 yearsThe stock recently experienced a robust weekly breakout after a two-year period. Additionally, it presented a cup and handle pattern breakout, with consolidation at the resistance zone before the breakout. Considering the stock's longstanding uptrend, the cup pattern breakout can be viewed as a continuation of the bullish run.
This combination of a strong weekly breakout, cup and handle pattern breakout, and consolidation at the resistance zone enhances the overall bullish narrative.
Coforge ready to Blast For new HighCoforge is Looking Good Here and it is ready To blast for Uncharted Area
CMP is 6156
Looking good as IT sector will Lead Again this Time
Target is 6500-7000
in Upcoming Few Month
Information technology pack. Coforge is clear winner among all.Coforge has displayed impressive growth in 2023, outperforming major players in the Indian IT sector. Since January 2nd, its stock has surged 67%, compared to the Nifty IT index's 23% gain and individual company advancements like LTIM (L&T mind tree) 43%, LTTS 43%, TCS 20%, and Wipro 13%. Notably, Infosys has lagged behind with a mere 5% increase.
This strong performance suggests Coforge's potential for continued growth, but it's crucial to remember that past performance is not necessarily indicative of future results. A comprehensive analysis, considering various factors like market trends, company fundamentals, and economic conditions, is essential before making any investment decisions.
Coforge Coforge
All tym high Breakout after yearly consolidation
Once break 6160
Will make 6500+
Invvest
Option 6600 ce
COFORGE - Critical Zone coforge is in critical zone near previous 52 week high
make or break it can retest the previous low or give a breakout.
get ready for some action
delivery volumes tell a different story
COFORGE - NEAR ATH RETRACEMENT ZONECOFORGE - Keep an eye , after retracement and reversal could be bought for immediate target of 6300++
EXPECTING IT TO HIT IN DEC 2023 ITSELF
Coforge buy Pattern : Cup & Handle Long From 2021 to 2023 Year (Two Year)
Entry Price When Brock Pattern
(1) Target Sort time is 6088
(2) Long time Target(Two Year Apx. 8000)
coforge buy for the target 5435/5625positional swing trade ( 4-6 weeks)
coforge in a strong uptrend. for some days daily chart shows some retracement n now we can see some strength @ bottem.
coforge cup and handle pattern create in weekly time frame and volume also good company fundamentel also good if cross 6000 mostaly chance to go up
