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...
Coforge Looking week on hourly timeframe after a very good rally. Any candle close below 3870 can show a good down movement till the next demand area of 3500. It is a good area for accumulation for short and longterm gains as well.