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 trade ideas
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
we are long in coforgewe 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
COFORGE - Weekly AnalysisIn 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.
NIFTY buy peLooking bearish bnf and nifty also. One simple mantra for now sell on rise. Can short nifty and bnf.
Coforge - bullish tradeRegularly 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.
COFORGE - Weekly AnalysisIn 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.
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.
COFORGE TRIANGLE PATTERN coforge triangle pattern one can go long if the trendline got broken with good vol candle
COFORGE - Weekly AnalysisIn the Weekly Chart of COFORGE ,
we can see that, after the failure of Cup & Handle, it is now ready for up move.
it has given W Pattern breakout.
Let it retest and then Enter with SL. and Go Long till 4800-4900.
#COFORGE... ✅-11/05/23#COFORGE... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
#COFORGE... Looking good in this level#COFORGE... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
COFORGE - Weekly AnalysisIn the Weekly Chart of COFORGE ,
we can see that, it has shown a recovery in W pattern.
Also it has been retested.
Enter with SL and GO Long
COFORGE - Bullish Consolidation BreakoutNSE: COFORGE is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
#COFORGE Look good for today #COFORGE...
Intraday as well as swing trade
All levels given in charts
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this
We take trade only when it activates...
COFORGE Sell for intraday tradingCOFORGE Sell for intraday trading if stock break the given support level...........
Coforge Ltd *Coforge Ltd.*
C&H Pattern: Weekly Basis
Strong Vol. BreakOut.
Price BreakOut Needed & to be Sustained.
To Cross Weekly Priceline, 8% Upsided Needed.
Strong Resistance al@4504. If Crossed & Sustained, then Good to Go!!!
Do Your Own Research as well. This is just an Opinion!
Happy Investing:)
CoforgeCoforge is in 4th corrective wave of the third wave of its new impulse.Correction is almost at the end and we can go long for a target of 4600.
BUY COFORGE FOR LONG TERMCoforge is an IT services company providing end-to-end software solutions and services. .
It is among the top-20 Indian software exporters. Prominent global customers include British Airways, the ING group, SEI Investments, Sabre, and SITA.
Market Cap
₹ 26,620 Cr.
Current Price
₹ 4,359
High / Low
₹ 5,200 / 3,210
Stock P/E
33.8
Book Value
₹ 463
Dividend Yield
1.19 %
ROCE
32.1 %
ROE
25.4 %
Face Value
₹ 10.0
Debt
₹ 755 Cr.
EPS
₹ 129
PEG Ratio
1.69
Promoter holding
40.0 %
Intrinsic Value
₹ 2,075
Pledged percentage
0.00 %
EVEBITDA
19.6
Company has been maintaining a healthy dividend payout of 36.3%
BEST STOCK TO BUY NOW FOR LONG TERM IT CAN BE DOUBLE IN ONE YEAR FROM THIS LEVEL.
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THANKYOU
COFORGECOFORGE is a leading technology and services company that is well-positioned to capitalize on the increasing demand for digital transformation solutions. With a strong portfolio of digital technologies and services, COFORGE is helping companies around the world bridge the gap between their current state and their desired future state.COFORGE’s portfolio of digital technologies and services includes mobile, cloud, analytics, artificial intelligence, blockchain, and more. These technologies help companies create custom digital solutions that can increase their productivity, reduce costs, and improve customer service.
COFORGE’s commitment to staying ahead of the technology curve has resulted in the successful deployment of many innovative solutions for its clients. The company has deployed advanced analytics and machine learning solutions to help companies gain valuable insights about their customers and operations. It has also implemented blockchain solutions to help customers securely store and manage data.
COFORGE’s technical expertise, combined with its commitment to staying ahead of the technology curve, makes it a strong partner for companies looking to benefit from digital transformation solutions. With its portfolio of digital technologies and services, the company is well-positioned to help its customers bridge the gap between their current state and their desired future state.
COFORGE - Bullish Momentum with VolumesNSE: COFORGE is closing with a bullish candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
