COFORGE Gives Brakeout On Daily chartNSE:COFORGE
I am buying this stock
Near 5915
And follow sl on 5150
My target will be 7400
My risk reward ratio is 1:2
Return on capital 22%+
Coforgechartanalysis
COFORGE--Consolidation + Bullish ??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 towards resistance.
Previously a strong fall is observed from 4500 levels.
we have demand zones left @4100, @3950 if price fall below trendline, this will give support.
Keep in the buy side from demand zones.
