COFORGE trade ideas
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
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.
