COFORGE trade ideas
Waiting for breakoutAfter Trendline breakout there is a flag pattern happened, enter once flag breakout happened
Coforge Ltd - 15/05/2021 - Pennant Formation - Swing TradingCoforge Ltd. is creating pennant formation in the hourly chart after a strong bullish upside. once there comes a breakout of the pennant on the upside it can give another bull run till 4000 - 4200 levels. Levels are marked in the idea below.
Summary :
Buying on breakout of pennant on the upside : (approx level : 3350-3380)
Stop Loss : 3200
Target : 3700/4000/4200 ++
No suggestions if it gives a breakdown of the pennant.
Give a like if you like my idea, Also comment if you have any suggestions. I would love to improve my trading if i am wrong.
Happy Trading.
Coforge - Forging towards ATHCoforge strongly marching ahead. Looking to scale new ATH. The breakout was earlier, i seem to have spotted a couple of days late. SL 2600.
DISC: Not a SEBI registered. I post charts for my own study.
Coforge Reaction on 1.618 FIBCoforge reacted on 1.618 FIB
Possible support around 2600 to 2650 Zone.
Short only if we find reversal
Trend is still strong however we may see profit booking
Coforge - Intraday Trade SetupCoforge CMP - 2556.80
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 2550 / Stop Loss 2563
Target 1 - 2540
Target 2 - 2530
Target 3 - 2525
Disclaimer: This is my view and for educational purpose only.
COFORGE LTD 1HRBEARISH deep crab
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
COFORGE LTD 4HRBEARISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
COFORGE .. POSITIONAL buying opportunityHi Friends,
COFORGE.... formerly NIIT TECH, has very good run to upside and now corrected more than 25% from peak. It is very good buying opportunity, positional with stoploss of 10% from CMP.
Let see how it pans out.
Your humble trader
Kiran
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Disclaimer:
I am not a registered SEBI advisor, so do your own work and contact your financial advisor.
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