Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
COFORGE Near trendline resistance Swing Long ONLY above 4380 SL BELOW 4200
COFORGE forming rounding bottom at lower end of IT sector and stock about to reverse from 0.5 to 0.68 FIB retracement, This can touch more than 4280 when break neck line of rounding bottom pattern. This also form double bottom at lower end which confirm uptrend.
Strong stock:- . Strong on 1 week And 3 months. . High volume than 21 days average. . Above 200 moving days EMD. . Near 20% to 52 week high or all time high. . Outperform nifty. . Open interest needs to buildup in last 3 months data. . Breakout with volume.
COFORGE W pattern is about to break can look for tp of 4691 with 1:1 risk reward ratio only for long term
COFORGE:- Head and shoulder pattern is formed wait for breakout "Also take trade with strict stop loss as all companies results are coming now volatility is very high" Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this....
Only for educational purpose.Not a recommendation Resistance @ 6000 Immediete support @ 3230 Strong Support @ 3800 One among the top 20 software exporters from India. Promoter holding only 40% in this stock. Technically high sign of upward trend may be be poised to show a higher movement .
NSE:COFORGE Weekly rounding bottom with inverted head n shoulder breakout . momentum is very strong as macd showing strength.
Dear readers, as we seen on the chart, there is a spur on the volume and make the breakout for the next levels in this stock.
#Coforge CMP 4016 if closes abv 4055 then we can expect a very good upside in Coforge IT Stocks are going very cheap after recent correction. Coforge can see 4260/4500 in coming days. If momentum continues we can see much more.
COFORGE is stuck in Arc Chart Pattern at 1Hour Time Frame and Where it started a Arc resitance now end of the Arc again facing hurdle point or Resistance Point Watching Volume Levels Big Players are Created there Position We Can See Such Big Move in Upcoming Session
coforge has given good breakout it may rally up to 6000 levels its just for education
COFORGE Key highlights: 💡⚡ 📈On 1D Time Frame Stock Showing Reversal of Pennant Pattern . 📈 It can give movement upto the Reversal target of above 3800-. 📈There have chances of breakdown of Support level too. 📈 After breakdown of Support level this stock can gives strong Downside rally upto below 3335-.
Stock has formed a double bottom or W pattern. Buy at CMP for a target of 4600 and 5600. SL will be around 3000. A 1:2 risk reward ratio. Fundamentally good stock as well!
There is an good opportunity for shorting in coforge ltd short below 3800 and target of 3350
Infosys buy zone 3340 to 3250 with a small sl 3150....But look at the market condition.