VIEW ON COFORGEGood chart structure
All IT stocks are in good move
Target 8110/8500
Stop loss 7800
I am just representing my views
For educational purpose only.
Next report date
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Report period
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EPS estimate
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Revenue estimate
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126.10 INR
8.08 B INR
92.06 B INR
66.26 M
About COFORGE LTD
Sector
Industry
CEO
Sudhir Singh
Website
Headquarters
New Delhi
Founded
1992
ISIN
INE591G01017
FIGI
BBG000Q36ZP3
Coforge Ltd. engages in the provision of digital services and business solutions in selected verticals, which include banking and financial services, insurance and travel and transportation, and hospitality. It offers services relating to digital, infrastructure management, application development and management, business process, robotic process automation, and geographical information services. The company was founded by Rajendra Singh Pawar and Vijay Kumar Thadani on May 13, 1992 and is headquartered in New Delhi, India.
coforge- short for 10 %price facing resistance along the line drawn in the image
MACD shows negative divergence
low risk enrty
target and SL marked
Breakout from triangle pattern in Monthly Chart: COFORGECOFORGE reached an ATH of 6135 in the month of Jan'22 and corrected by almost 52% to reach a low of 3210 in Sep'22. It has formed a triangle pattern on monthly chart and has been in an upward journey since Oct'22 generating almost 32% returns.
Last month i.e. in May'23 it has broken out of the tri
Coforge good consolidation of 3-4 weeks before breakout of 2 year channel if in coming days consolidation low holds can see good short covering and fresh long build up that can move stock towards 8000 levels in coming 3 weeks .with support 6700 weekly closing bases .all possible if result goes in favored .
Coforge Potential for Further Upside Post-BreakoutCoforge has broken out of its symmetrical triangle pattern and is consolidating near 7100, indicating strength in the current uptrend. The stock is holding above its 50-day EMA, showing sustained bullish momentum. RSI remains around 67, suggesting more room for upside. Traders should watch for a mov
Flag breakout in Co-ForgeIT Sector has been outperforming for a while now and co-forge after being a laggard has caught up well. It it now breaking out from a flag pattern which is another bullish sign. There is a good chance that the stock starts another leg of up move from here.
coforge with It Expect to post good set of number has made good base near 5900 -6000 zone on weekly closing . If number out beats street estimates and holds support of 5900-6000 zone probability of stock moving to wards 100000 club are high up to next quarterly result .
COFORGE cup and handleCoforge Ltd made cup and handle pattern breakout happening in weekly timeframe.
Trading in sharp upward channel
Breakout will take stock to 10000+ in long term timeframe
MACD is bullish.
Disclaimer : I am not SEBI registered. Its my personal view and analysis.
COFORGE & ECLERX: Two IT Underdogs on the Rise!COFORGE
The stock displayed an Inverted Head & Shoulders pattern, and following the breakout, the price saw a substantial rise, subsequently created another bullish formation called Pole & Flag.
Recently, the price has broken through and is expected to continue its upward trend.
ECLERX
Watch for a Resistance BreakoutThe stock looks good above 7015 on 15 mints candle close.
The expected Targets are 7030 & 7080
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of COFORGE is 8,116.50 INR — it has increased by 2.73% in the past 24 hours. Watch COFORGE LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange COFORGE LTD stocks are traded under the ticker COFORGE.
COFORGE stock has risen by 0.92% compared to the previous week, the month change is a 14.06% rise, over the last year COFORGE LTD has showed a 43.15% increase.
We've gathered analysts' opinions on COFORGE LTD future price: according to them, COFORGE price has a max estimate of 10,000.00 INR and a min estimate of 4,740.00 INR. Watch COFORGE chart and read a more detailed COFORGE LTD stock forecast: see what analysts think of COFORGE LTD and suggest that you do with its stocks.
COFORGE reached its all-time high on Nov 12, 2024 with the price of 8,159.95 INR, and its all-time low was 41.50 INR and was reached on Mar 13, 2009. View more price dynamics on COFORGE chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
COFORGE stock is 3.06% volatile and has beta coefficient of 1.09. Track COFORGE LTD stock price on the chart and check out the list of the most volatile stocks — is COFORGE LTD there?
Today COFORGE LTD has the market capitalization of 534.32 B, it has increased by 3.35% over the last week.
Yes, you can track COFORGE LTD financials in yearly and quarterly reports right on TradingView.
COFORGE LTD is going to release the next earnings report on Jan 23, 2025. Keep track of upcoming events with our Earnings Calendar.
COFORGE earnings for the last quarter are 38.30 INR per share, whereas the estimation was 35.46 INR resulting in a 8.00% surprise. The estimated earnings for the next quarter are 41.05 INR per share. See more details about COFORGE LTD earnings.
COFORGE LTD revenue for the last quarter amounts to 30.62 B INR, despite the estimated figure of 27.12 B INR. In the next quarter, revenue is expected to reach 31.90 B INR.
COFORGE net income for the last quarter is 2.02 B INR, while the quarter before that showed 1.33 B INR of net income which accounts for 51.80% change. Track more COFORGE LTD financial stats to get the full picture.
COFORGE LTD dividend yield was 1.38% in 2023, and payout ratio reached 57.77%. The year before the numbers were 1.68% and 56.25% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 20, 2024, the company has 14.46 K employees. See our rating of the largest employees — is COFORGE LTD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. COFORGE LTD EBITDA is 14.98 B INR, and current EBITDA margin is 15.94%. See more stats in COFORGE LTD financial statements.
Like other stocks, COFORGE shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade COFORGE LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So COFORGE LTD technincal analysis shows the strong buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating COFORGE LTD stock shows the strong buy signal. See more of COFORGE LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.