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...
I am expecting a small downfall in Coforge Ltd. There is a trend line break down in small time frame. Also there is a trend line below in bigger time frame. So I am expecting the market to fall till the big time frame trend line.
this stock has given a clear breakout as per me on the basis of the weekly chart analysis... its cup and handle ....we could see this stock to 8400 levels in a year or two.
Happy investing.
Coforge is ready to move towards All time high. Long time Target is far from here. In short time we expect this price 7300 level. 5850 to 6000 is strong support area.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channels
📌 Symbol/Asset: Coforge
🔍 Description: Stock is making higher high and Lower high.
Stock is in a Rising channel and we can see huge upside withing the channels.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
The stock recently experienced a robust weekly breakout after a two-year period. Additionally, it presented a cup and handle pattern breakout, with consolidation at the resistance zone before the breakout. Considering the stock's longstanding uptrend, the cup pattern breakout can be viewed as a continuation of the bullish run.
This combination of a strong weekly...
Coforge is Looking Good Here and it is ready To blast for Uncharted Area
CMP is 6156
Looking good as IT sector will Lead Again this Time
Target is 6500-7000
in Upcoming Few Month
Coforge has displayed impressive growth in 2023, outperforming major players in the Indian IT sector. Since January 2nd, its stock has surged 67%, compared to the Nifty IT index's 23% gain and individual company advancements like LTIM (L&T mind tree) 43%, LTTS 43%, TCS 20%, and Wipro 13%. Notably, Infosys has lagged behind with a mere 5% increase.
This strong...
coforge is in critical zone near previous 52 week high
make or break it can retest the previous low or give a breakout.
get ready for some action
delivery volumes tell a different story
buy Pattern : Cup & Handle Long From 2021 to 2023 Year (Two Year)
Entry Price When Brock Pattern
(1) Target Sort time is 6088
(2) Long time Target(Two Year Apx. 8000)
COFORGE 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%....
positional swing trade ( 4-6 weeks)
coforge in a strong uptrend. for some days daily chart shows some retracement n now we can see some strength @ bottem.
