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COFORGE LTD

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COFORGE trade ideas

SWING IDEA - COFORGEIn the ever-evolving tapestry of stock markets, CoForge has emerged as a compelling prospect, hinting at the possibility of a promising rally. The technical landscape paints an intriguing picture, suggesting favorable conditions for a potential swing trade. Reasons are listed below : CoForge has undergone multiple tests within the 5800-5900 zone, breaking through and retesting this critical range. The current attempt to resume the upside move indicates a resilient upward momentum. Notably, CoForge is supported by the 0.382 Fibonacci retracement level, adding a robust layer of support and fortifying the potential for an upward trajectory. CoForge consistently forms higher highs, a testament to a sustained uptrend and indicative of positive market sentiment. Trading above both the 50 and 200 exponential moving averages (EMA), CoForge maintains the integrity of its trend, providing confidence in the continuation of the upward movement. The presence of a bullish marubozu on both daily and weekly timeframes adds a bullish tone to the technical outlook, further reinforcing the potential for a positive price action. Target : 8404 Stoploss : weekly close below 5987 Disclaimer : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:COFORGELong
by Visionary_Growth_Insights
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 %
NSE:COFORGELong
by madhu2811
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
NSE:COFORGELong
by madhu2811