=> Coforge 1DTF ,Harmonic bat pattern. => Price hits the reversal zone
as it completed its rounding bottom pattern and shown retracement from top, where 4900-5000 level are important support zone from which it may shows bounce back. hold toghtly and keep an eye on 5000 levels.
target stoploss in charts Market Cap ₹ 28,168 Cr. Current Price ₹ 4,610 High / Low ₹ 4,650 / 3,210 Stock P/E 38.6 Book Value ₹ 505 Dividend Yield 1.42 % ROCE 31.6 % ROE 25.1 % Face Value ₹ 10.0 Promoter holding 30.2 % EPS last year ₹ 114 EPS latest quarter ₹ 18.8 Debt ₹ 562 Cr. Pledged percentage 0.00 % Net CF ₹ 121 Cr. Price to Cash...
Coforge sell buy put at cmp rsi divergence 2% down side expected see u...
*Coforge Ltd.* C&H Formation on Weekly Basis. Strong Price BreakOut & Sustained. Vol. Consolidated / Continued BuiltUp. Resistance @5698 Trail SL with Upside. Book Profit as per Risk Appetite. Do Your Own Research as well. This is an opinion. Happy Investing 😇
coforge taking a strong support from a tredndline if it break we can see a downside move
Co forge go long trendline support. Target 4949. Stoploss 4609
Taking support on 20 day ema .. ready to enter in a range of 500 points Entry zone above 4770 Sl below 20 day ema 4720 Target 4820/4900/5000
Coforge on weekly time frame has given breakout of Cup and Handle pattern and have also retested support and seems to be bullish.
on Weekly charts round bottom formation is taking place Also Cup And Handle BO has happened and consolidation is going on for last four weeks if this trade goes favourable first tgt will be 5933 followed by depth of cup after wards breakout of round bottom can take place and new tgt will get formed
we are long in coforge cmp 4400/4350 with stoploss of 4336 our target will be this month high 4650++ risk of 50 to 75 points rewards - 250+ points
In the Weekly Chart of COFORGE , we can see that; it has given breakout from Cup & Handle Chart Pattern. Also, it has retested. Go Long till 6000.
Looking bearish bnf and nifty also. One simple mantra for now sell on rise. Can short nifty and bnf.
Regularly making higher tops and higher lows post breakout from falling channel, Simple chart speaks to itself. Potential to touch 5200 and 5800 in mid term.
In the Weekly Chart of COFORGE , we can see that, it has given Cup & Handle Pattern breakout. COFORGE looks bullish. Let it retest and then enter with SL and target.
Observations: The stock is trending upwards. Now the stock price is trading near its resistance level, if its continue towards resistance or fall again from this resistance. we have a trendline support as well. If trendline breaks we have support @4100 level, fake breakdown at trendline may happens here. after consolidation for 1 month price again moving upwards...
Code has been break out from the trendline.a retest is also occuring.