Coforge is on track Coforge is on track. It’s entering wave 3 of Subway (3).
Target =10 k
Entry = current
Sl =5800
This study is only for educational purposes.
Coforgelong
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%+
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.
Trendline breakoutCoforge Ltd has broken trendline looks good buy around marked demand area with below demand level as stoploss for the giventarget
lets see..
COFORGE, RSI DIVERGENCE!!RSI says everything, and its divergence is a great strategy to go bullish on the stock. currently IT sector is also trading down, i have uploaded its idea many at times. so anyone can go long on this stock, the dark 2 black lines are the range where we need to start looking out for the stock for some actions.
