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COFORGE LTDCOFORGE LTDCOFORGE LTD

COFORGE LTD

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COFORGE trade ideas

COFORGE moving into supply zone short termStock has rallied good in the recent month and started making zigzag zone and at the same time struggled to make a higher high indicating signs of weakness , the rising wedge and a rounding bottom within it supplementing the weakness bias . Momentum indicators signalling diversion and not much market participation ( possible signs of distribution during the zig zag move ) Time cycle is fresh and a breach down here could trigger inversion , keep a watch on this counter for short term weakness at the break of recent support zone (highlighted in amber) Note : Slight thought, it could loiter around for a while or possibly make weak upmove a bit before breaching the support zone
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NSE:COFORGEShort
by srinivasbusy
4
Coforge technical AnalysisHello everyone👏 Hope my information & levels are useful to all of you☺ Hit 👊 like button & boost my post to spread the knowledge😉 Coforge is in sell on rise currently In monthly chart *** bearish candlestick *** momentum downward *** price is above all ma *** since few months price rejected from 6600 level *** and support between 6100 to 5860 zonezone Weekly chart *** bearish candlestick *** bearish momentum *** price closed below 13 ma & still holding 20 ma *** 3 weeks consecutive selling *** price currently on crucial support 6220 below this 6095 : 5950 : 5865 *** coming resistance 6390 : 6480 : 6982 Daily tf *** same as weekly, but price closed below of all ma, momentum in bearish territory, *** resistance 6325 & support 6200 (pivot) In hourly, 30 mi tf *** momentum down to flat, price sell on rise.. Closing candlestick small hammer (reversal) closed above 13 ma **Levels** Resistance - 6280 : 6300 : 6346 : 6385 : 6413 Support - 6230 : 6190 & 6116 if this broken then again downside levels open All the information and levels are given for educational purposes only. No buy / sell recommendation. 🙏 DYOA And consult with your financial advisor. Thank you🙏
NSE:COFORGEShort
by ajnil87
1
Coforge AnalysisWith momentum building up in the IT Sector, analysing Coforge was very important. Here are the details- With the current pricing and levels in the chart of Coforge, The buying/accumulation zone is between 6500 to 6600 The profit booking/ supply zone is between 6850 to 6950. There are Higher highs and higher lows being formed on the chart with the levels squeezing to shorter triangles. Thus there is a huge potential for a breakdown at around June 2024. Be Careful with your long positions. Let me know what you think about it.
NSE:COFORGE
by ArjitGarg
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
NSE:COFORGELong
by AhmedabadTradebulls
3
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.
NSE:COFORGE
by kbr9121965
1
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. :-)
NSE:COFORGELong
by Yoyohoneysingh93
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.
NSE:COFORGELong
by AfnanTAjuddin