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. Longby MDstockmagicUpdated 2210
Coforge on edge 1. Extremely over brought in daily as well as in weekly chart . 2. Can correct to 8250 . Shortby plabanchatterjee115
Coforge - Bullishness on overextentionTopic Statement: Coforge is on a robust bull run but currently overbought, signaling a potential correction ahead. Key Points: 1. The price has overextended above the 360-day moving average, indicating a likely pullback. 2. The stock has strong fundamentals, reinforcing its long-term potential. 3. Ideal buying opportunities arise when the price is near or below the 360-day moving average.Longby yogeshwar1
VIEW ON COFORGEStock is completely outperforming IT index and the markets Stock in a continuous vertical up trend Stock has given 25% return since SEP 24 whereas Nifty IT is still below SEP 24 highs Next target comes near 10000 levels I am just representing my views For educational purpose only.Longby dakshb38391
Coforge Intraday SetupCoforge looks bullish above previous day high for atleast 1% target with SL given in chart. After 1% can be trailed using 13 ema as stop loss on 5 min time frame. Disclaimer: Only for entertainment purposes, not an investment advice. Longby IMStockwalaUpdated 0
The Runway Train - CautionCoforge is a large CAP IT stock and historically has demand PE in 33-40 range. but at this stage the PE is 72. the sales are rising and price is also at all time high. Can stock justify such an high valuation? may be yes? if something is known to buyers about the company that is not public. Caution till we get clarity....... by rampalxyz0
Coforge Ltd.The daily chart of Coforge Ltd. (NSE) shows a rising wedge pattern, typically a bearish formation, with the price nearing the resistance zone around ₹8300-8350. Key support levels lie at ₹8000 (wedge support and 50-day MA), ₹7400 (100-day MA), and ₹7000-7100 (long-term support). While the stock remains in an uptrend, weakening momentum is suggested by bearish divergences in the RSI and a bearish MACD crossover. A breakout above ₹8350 with strong volume could signal further bullishness toward ₹8500-8600, while a breakdown below ₹8000 could target ₹7400 and lower. Traders should watch for a decisive move outside the wedge and use tight stop-loss levels to manage risk.by Simplecharttraders1
coforge- short for 10 %price facing resistance along the line drawn in the image MACD shows negative divergence low risk enrty target and SL markedShortby FrankzMD0
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 triangle. This indicates significant upside potential of minimum 24%. The journey has just started so it is the best time for entry. Stop Loss: 4350Longby finvestarUpdated 2
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.Longby dakshb38392
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 .can beat with low quantity if move goes in favor can generate quick returns in very short time . by deepshah19822
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 move above 7300 which could trigger the next leg up.Longby Marketik2
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.Longby anshuman_050
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 .by deepshah19821
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 This chart also reveals the presence of an Inverted Head & Shoulder pattern. Following a recent breakout, the price is positioned for an upward movement. Longby GoodluckCapital226
Watch for a Resistance BreakoutThe stock looks good above 7015 on 15 mints candle close. The expected Targets are 7030 & 7080Longby DivyaapugalUpdated 4
COFORGE confirmed strong buy signal on daily timeframe COFORGE has gave strong buy signal and also breakout on daily timeframe. Any opportunity near to 6700 is good entry point for upmove to continue.Longby devendrasb662
CoforgeCoforge is ready for big breakout Once cross 6870 massives Surges Consolidation seems to be over on Monthly bars SL 6760 Target 7000+ 7400 ce small traders Btst Longby nitishsh9990
COFORGE -Cup and Handle Formation COFORGE-Cup and Handle Formation Name - COFORGE Pattern - Cup and Handle Status - Need to close above 6421 Cmp - 6344 Target - 8594 SL - 5800 Fundamentals : Here are some key financial ratios for Coforge Limited: Price-to-Earnings (PE) Ratio: 48.681 Price-to-Sales (P/S) Ratio: 4.172 Debt-to-Equity Ratio: 0.1363 Return on Equity (ROE): 22.47%3 Net Profit Margin: 8.29%3 Enterprise Value to EBITDA: 28.572 These ratios indicate Coforge’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage.Longby VCharts_TA4
Coforge Swing Idea Weekly timeframe is bullish Daily timeframe is bullish and price has tapped into daily demand zone and reacted positively 4HR is also bullish Also, Nifty and CNX IT is also bullish Company is also 10% away from all time highs because of that the stock can rip high Note : this is not Financial adviseLongby mihirsavla191
Coforge near big breakout (H&S)Classical head & shoulders pattern formation in coforge. Above 6000 it may rally as per the charts analysis. It may consolidate around 6000-6100 mark ones its taken out there will be good levels. 6000 7000 8000 9000. Longby ashishhcUpdated 22
COFORGE | Swing Trade | Bullish Momentum COFORGE | Swing Trade | Bullish Momentum 1) Stock trying to fill the gap down 2) month on month >10% trade from april - may - june 3) Good volume breakoutLongby Bigfoot_Academy4