LEARN PATTERN WITH LIVE EXAMPLEDiamond Shape Pattern and Falling Wedge
Let's learn two imp Bullish & Bearish Reversal Pattern and the impact of these pattern on the charts
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COFORGE trade ideas
COFORGESwing trade, Breakout stock, Banknifty Intraday Outlook also posted here.
Disclaimer - Trades are only for Learning.
StopLoss is only in our hand. So, Always use it. StopLoss hit exit. Again you will got fresh trade.
Coforge Ltd - 27.05.2022Coforge Ltd - 27.05.2022
The stock is trading @ 3671 levels
There is a MACD Bullish Divergence in Weekly Chart
There is a Stochastic Bullish Divergence in Weekly Chart
Let the prices go above 3838 to initiate a buy position
Watch out for the price action.
Coforge Expected Bottom Out levelCoforge Expected Bottom out level between 3750 - 3350
concentrate in this level
CoForge Chart Analysis !!📈 CoForge 📉
My Findings :-
1. Breakdown of UpTrending Trendline Zone. See Below Chart.
2. Lower High and Lower Low Formation.
3. But IT Index at Support. To get more confirmation can be waited till IT Index Breaks down. Check IT Index Chart below for reference.
Bias- Short
Target- 3439, 2751 and 2390
SL- 4565
RR- 1: 3
IT Index Chart :-
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
COFORGEShort COFORGE tomorrow morning. Analysis of daily candle. SL at the latest swing. 1.2 profit margin. Buy put for good profit.
Falling wedge pattern breakoutThe stock is trying to breakout of the falling wedge pattern and can be a good positional pick above 4250 level (closing basis) for short term targets of 4350 and 4500.
Learn & Earn,
Dr. Tanya Kumar
coforge : A Breakdown may be Started Below 5000Third attempt to close above 6000 is failed n felt resistance and going to it's support 5000. But this time it may not hold it and give breakdown. below 5000 it may go to 4000-3900.
Coforge - buyBuy at cmp
easy tg 4150
tg2 - 4220
tg3 - 4370
Disclaimer : This is my personal analysis for study purpose not intended for trading
long values are in chartgo long from here
Reversal breakout from the level posted and red line close below will be your Stoploss
above green line will be the target
COFORGE in consolidationCOFORGE in consolidation zone... might give large move after breakout or breakdown...
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalStock Recently corrected very much and holding 4200 levels, which looks good support
Company is expected to give good quarter
Positional Bet to enter above 4400 levels with SL of 4200 for 10-20% upside move.
For targets of 4550-4750 to upto 5000 levels
Can be hold positionally for ATH levels in nxt 6-8months
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
COFORGE LTD IT Strong CountreThe Coforge is the Mid it share, the share in the correction, after the 38% Correction the share is the good level to buy 4080 is the Stop Loss and Target is Blue Sky.
#investingclubs
COFORGE | Swing & Intraday | Good Long above 4601We can go long on intraday or swing above 4601, as it's a recent crucial level, so check this!
WATCH FOR FALLING WEDGE/CHANNEL BREAKOUT A Good correction can be seen in COFORGE since the month of JAN.
FALLING WEDGE/CHANNEL pattern can be spotted in 1 hour TF indicating trend reversal.
A can enter the stock on breakout about 4600 with a SL 4372 for a shorterm period for a target of 4800 and further of 5000.
Also the stock is trading at a discounted price and its good to add in portfolio.
************************PLEASE FOLLOW RISK MANAGEMENT***************************************************
COFORGE - Last stop for Bulls4290-4310 seems to be last stop for bulls
Below this area can push the stock up to 4000 odd levels
Once crossed 4290 can sell with a Sl little above 4315 for a free flow intraday fall
Coforge Long....(above 5250)Buy above 5250
SL below 4500
Target 6100-6500
Market Cap- 30110
ROCE-- 25.7 %
ROE-- 19.3 %
Debt Free
Public holding is only 9% so FF (271 cr)
Looks bullish Post dividendPost dividing it loops bullish analyse from past history of three quarters Idea to go long once cross And close above0 4750 in Daily candle
📊 Coforge Swing trade Opportunity 🎯NSE:COFORGE
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
