COFORGE :ACCUMULATE IN OCT 2022 COFORGE :ACCUMULATE IN OCT 2022 || expect to further correct till dec 2023 || Hold for another 3 years
COFORGE
CoforgeWeekly chart shows three green candle.
Tomorrow will.be correction.
Support and resistance on chart.
COFORGE, RSI DIVERGENCE!!RSI says everything, and its divergence is a great strategy to go bullish on the stock. currently IT sector is also trading down, i have uploaded its idea many at times. so anyone can go long on this stock, the dark 2 black lines are the range where we need to start looking out for the stock for some actions.
COFORGEOne can long on Coforge
its candled is at upper band of BB band
croosover in MACD
and RSI is above 50 around 60.
also symmetrical triangle breakout.
One cane take it as swing trade with
target - 3923
stoploss - 3620
COFORGE , starting UPTREND after retesting hey guys ,
COFORGE stock is showing signs of UPTREND,
this stock was moving in a fixed downtrend ,
2-3 weeks before this stock has crossed it's RESISTANCE and broke the DOWNTREND AREA .
After breaking that area , the stock has retested
But instead of going into a straight uptrend ,
this stock started to follow a pattern called TRIANGLE PATTERN
and now this stock has CROSSED the RESISTANCE of that TRIANGLE PATTERN ,
and a big green candle is presented by this stock .
therefore guys , i suggest you that
try to grap this stock and earn high returns .
( but it is not sure that you will achieve your target
if stop loss is hit , pls cut ur position)
i have marked the RR RATIO , TARGET AND STOP LOSS
BUT FIRST CONSIDER THE GLOBAL MARKET SITUATIONS
1. INFLATION
2. WAR
3. RISING BANK RATES
AFTER CONSIDERING THESE SITUATIONS, YOU CAN BUY THIS STOCK
😀😀
COFORGE - Short term Bearish trendCOFORGE - Short-term Bearish trend
1. It cuts the secondary trend support and the primary trend resistance as well.
2. next support will be in 1890.
3. Buy once it touches 1890, hopes the market trend reversal at the same time.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
Redington #Redington 166.75 to 230 #INFY #TCS #WIPRO #NIITLTD #Q#REDINGTON
NSE:REDINGTON
NSE:REDINGTON
NSE:REDINGTON
REDINGTON CMP 166.75
TARGET 220+
SL 155
TF < 6 months
RR > 3
Return > 40%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
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
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.
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.
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 .. 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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SHORT IDEA ON COFORGEPOSTED AGAIN AS PREVIOUS ONE WAS NOT IN PERFECT VIEW
MORE DETAILS ON CHART
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