coforge getting bearishcmp 6845
sl and t1 shown on chart
note : its for educational purpose and not a trading call/tip.
COFORGE trade ideas
Coforge: Bullish in bear marketThis stock shows very strong trend. Kind of respecting 20SMA and 50SMA.
Trend : Strong Bullish
Trade: Long
SL Price : Recent swing low, 7900.
Entry : 8075.
Target: there is no target. Just trail SL unitl prices closes below recent swing low.
Whenever price bounces back from 20SMA, your can hold with more conviction.
Here risk is about 8075-7900 = Rs.175 per stock.
Aim of 1:3 or 1:5 at least.
For entry you can even target and wait for even better entry level better than 8075.
NEAR ABOUT MY TARGETYou can check my previous post if you have doubt when i posted and now COFORGE is at this level but now i have doubt that it might achieve the target 2 i feel a retracement may come from this high if it is not broken within 2-3 tradinding days.
My coforge Investment journeyMy coforge Investment journey from 425 to 8000/-
more than 100% return in 6 years
Sectoral Scanner study 8 Nov for the upcoming 46th Week 11 NovSectoral Analysis vis-à-vis the Nifty 50
Observations of the sectors and example of individual sectoral analysis with stock screening.
and Bullish and Bearish picks amongst them.
Along with a couple of homework to be submitted before the next session.
COFORGENSE:COFORGE
One Can enter now!
Or Wait for a retest of the trendline(BO)!
Or Wait for a better Risk:Reward Ratio!
Note :
1. One should go long with a StopLoss, below the Trendline or the Previous Swing Low.
2. Risk :Reward ratio should be minimum 1:2.
3. Plan your trade as per the Money Mangement and Risk Appetite.
Disclamier : You are responsible for your profits and loss.
The idea shared here is purely for Educational purpose.
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Support and Like incase the idea works for you.
COFORGE LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
COFORGEThe stock mentioned here is bullish ss forming cup and handle pattern if it sustained above support sure it will approach to target 2.
COFORGE CMP 7150COFORGE trading near all time high . Currently giving a breakout signal on Monthly candle basis. We can see a best Risk and Reward Trading apportunity on this counter.Add to your wachlist and find your best entry exit. Thankyou.
COFORGE LTD Coforge ltd is highly boolish stock for this month target will be as shown in chart but you have to causious near target given because after achieving target, retracement may come it is just an idea not a trading advice.
Coforge in Consolidation – Awaiting Breakout!➡️ Bullish breakout above ₹7,084.25 (Target ₹7,200+)
➡️ Bearish breakout below ₹6,779.40
➡️ Support levels: ₹6,436.50, ₹5,993.60
COFORGE - AT THE BOTTOM Finally managed to pull off the existing Weekly trendline..
Consolidation with a Double bottom or W Pattern would be great to get into the stock
Re-test of 4300-4400 would be great buying opportunity in that case. Currently at 4700 lvl..
Probably adding small quantities between here all the way through 4300 and staying invested would be better choice
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.
coforgeDisclaimer : Trading stocks, futures, and options involves substantial risk and may not be suitable for all investors. Always seek professional advice and conduct thorough research before making financial decisions.
COFORGE - Support Zone🎯The chart is self-explanatory as always.
🎯 We have strong support at the current level
🎯 The 200 WEMA stands guard at the same level
🎯 I will watch this price action for the next week
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
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 LTD S/R for 15/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
COFORGE recently crossed above 200 MA, TARGET - 6600COFORGE recently crossed above 200 MA and broke out it's resistance today at 5620, currently trading at 5654.
Reverse head and shoulder on COFORGECOFORGE formed a reverse head and shoulders pattern on daily chart. Price broke out of resistance area with strong bullishness. Also there was a gap up on todays opening indicating there is strong buying pressure. Stop loss can be held just below previous swing with target the width of the head. Provides an ideal risk reward of 1:2.
Hope you liked this idea. If so please do boost this idea or leave a comment below on what you think. Otherwise happy trading :-).
My view on Coforge Coforge forming inverse head and shoulder
Looking tgt 5320-5370-5400++
in very short term👆
Keeping on radar Coforge 5300 CE
👆👆
COFORGE : BULLISH PATTERN FORMINGCOFORGE is now at the support level and forming a bullish pattern at the daily time frame also a fundamentally Good pick fell recently because its recent result is not very bad also acquired a new business to expand and grow its sales exponentially and we can expect good upside movement from this level Target and stop loss on the chart.
COFORGENSE:COFORGE
TRading in RAnge
RREverse from nottom line
Target- 5638/6105/6732
Sl -Bottom red line
Rsi>50
Moving average showing Buy
Time to accumulate Coforge till the stop loss This share is in buy region. Good to accumulate till the stop loss area. Below that risky trade. Solid chance to go to the recent high and maybe even higher if the trendline is respected. decent risk and returns on this.
