COFORGE trade ideas
COFORGEThis stock gave breakout with good volume and retest and this is good opportunity for swing trade
Great Break out StockCOFORGE gives a Great Break out on upside we can see upto 50% Return in Coming months and 20% in few weeks
COFORGENSE:COFORGE
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
COFORGENSE:COFORGE
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
BUY COFORGE CMP 5123 10% Upside PotentialConviction Delivery Idea
BUY COFORGE CMP 5123 SL 4939 TGT 5594 (10% Upside Potential)
Expects positive for Coforge after the company reported 9.5% QoQ rise in consolidated net profit in Q2.
Company maintained FY24 CC revenue growth guidance of 13%-16%.
The board declared a second interim dividend of Rs19/share.
Volume of 4.5 lakh shares traded on NSE
COFORGECoforge is at its all time high break out with gud volume. also supported by 20& 200 ma. Break out happened with gud volume on daily time frame.
today retest its ATH break out.
it may be a gud buy with very less risk.
for swing trade SL will be - 5490
Target shown in screen
it has gud potential for upside . Follow strict SL & Proper RISK REWARD RATIO. This is the only holy grail in the market.
Coforge Ltd Buying Zone @ 5890-6135
Stoploss @ 5455
RRR 1 : 3.72
Target : 7494-8516
Profit % : 27% TO 44%
Profit : 1600-2600
Duration : 3 TO 12 MONTHS
Coforge LtdTARGET IN CHART
SL 5700
FUNDAMENTALS
Market Cap
₹ 37,516 Cr.
Current Price
₹ 6,087
High / Low
₹ 6,121 / 3,565
Stock P/E
51.7
Book Value
₹ 541
Dividend Yield
1.07 %
ROCE
30.8 %
ROE
25.1 %
Face Value
₹ 10.0
Promoter holding
0.00 %
EPS last year
₹ 114
EPS latest quarter
₹ 29.4
Debt
₹ 1,209 Cr.
Pledged percentage
0.00 %
Net CF
₹ 123 Cr.
Price to Cash Flow
39.4
Free Cash Flow
₹ 797 Cr.
Debt to equity
0.36
OPM last year
16.0 %
OPM 5Year
16.8 %
Reserves
₹ 3,266 Cr.
Price to book value
11.3
Int Coverage
11.3
PEG Ratio
2.43
Price to Sales
4.30
Sales growth 3Years
24.2 %
Profit Var 3Yrs
18.3 %
COFORGE - 5800 6000 by DEC 2023Follow the ARC and enjoy the IT stock where there is deep pessimism.
5800 6000...Buy on all dips Stop 4300 on Closing basis
after 4900-5000 levels retracement it may show strong upmoveas 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.
Coforge Ltd
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 Flow
29.6
Free Cash Flow
₹ 797 Cr.
Debt to equity
0.18
OPM last year
16.0 %
OPM 5Year
16.8 %
Reserves
₹ 3,021 Cr.
Price to book value
9.10
Int Coverage
13.4
PEG Ratio
1.81
Coforge Ltd.*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 😇
trendline following coforge taking a strong support from a tredndline if it break we can see a downside move
Coforge longTaking 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 frameCoforge on weekly time frame has given breakout of Cup and Handle pattern and have also retested support and seems to be bullish.
COFORGE LTDon 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
