COFORGE - COFORGE - Momentum buildup accompaniesd by elevated double bottom.
One can go long with a SL of today's low.
COFORGE trade ideas
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COFORGE LTDCOFORGE LTD
Currently in a downtrend
As seen it has been respecting its 50 Day SMMA Levels and has Bounced back in the past.
We can Expect a fall till 5230 Levels and then a Bounce back and this time there are high chances for it to break 6030 levels.
Fresh Enter to wait until a reversal or 5230 levels.
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Possibility of a breakout in COFORGEPossibility of a breakout in COFORGE in Daily and Weekly timeframes.
DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
COFORGE - Getting for breakout ? COFORGE had a very good run in last 2 years and still has lot of steam left in it. It's currently consolidating in a bull flag patter for last few 2-3 months and testing the previous highs resistance levels. Any breakout above 6030 can be explosive, but needs support from institutional and FII volume. Can't much trust the recent price movement much during the low holiday season volume.
Bullish NSE:COFORGEBuy = 5395.404875
SL = 5153.35
Target 1 = 5879.514625
Target 2 = 6121.5695
09/11/2021
Bullish NSE:COFORGE-->Coforge Ltd
Buy for short term
Show your support to me by sharing only 1% of your profit at tradewithanusha@sbi
COFORGE : CMP 5070Script Name : COFORGE
CMP : 5070
SUPPORT : 4990 , IF BREAKS 4600(STRONG)
Correction : In 60 mints
Target :
Description : Stock Trading in hourly Correction and now trading on a support levels of stock Breaks 4990 then it will expected to enter in 4 hourly parrtern which expected to take stock to levels 4600....only buy Above 5500..
AVOID
COFORGE - Regular bullish divergence at demand zone.
Look how the stock came down with lack of bear volumes and found support historic support.
Good entry with SL as today's low
Coforge at breakout Coforge is ready for again all time high . Good bet for intraday and will be much good if gets acti e with the opening.
High risk/reward trade
Buy above 5305
Targets 5400/5500
Stoploss 5270
Coforge - Breakout Can be considered for new investment purposes.
For intraday trading, enter above the highest candle close.
OptionsTrade for CoforgeOptions Trade: Buy Coforge 5000CE@290-300. For hedding Sell 2Lots of 5300CE@166-175. For reducing margin requirements Buy 1Lot 6000CE@35-40. Hold this trade till Coforge price reaches 5300 or if you have margin, Buy 1Lot of Future strictly above 5270.
Net Risk: 340(Assume 170*2) - 300 - 40 = Rs. 0 or assuming volatility and bid/ask spread it may go upto Rs.10-20*200 = Rs.2000-4000.
Profits assuming Rs.200@5300 after all adjustments = 200*200 = Rs.40,000
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
CO FORGE ( channel pattern ) CO FORGE in ascending channel pattern and wave 5 triggered uptrend .
Current price is at Sub channel resistance level inside main channel .
If it crosses sub channel resistance level , will reach all time high near 5192 and may go upside further .
Coforge Long Idea Bullish Flag Trade Buy if breaks the IB with stop loss mentioned
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , Trade Setup based on option Decay !
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
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Coforge - watch out for this curve breakCoforge has rallied sharply. Break below can trigger weakness
Coforge shortterm trading oppurtunityCoforge Looking week on hourly timeframe after a very good rally. Any candle close below 3870 can show a good down movement till the next demand area of 3500. It is a good area for accumulation for short and longterm gains as well.
