COFORGE trade ideas
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.
COFORGE BUY BUY on COFORGE, with FLAG Breakout pattern in daily and triangle breakout in hourly chart
Having good risk to reward ratio
Waiting for breakoutAfter Trendline breakout there is a flag pattern happened, enter once flag breakout happened
Coforge Ltd - 15/05/2021 - Pennant Formation - Swing TradingCoforge Ltd. is creating pennant formation in the hourly chart after a strong bullish upside. once there comes a breakout of the pennant on the upside it can give another bull run till 4000 - 4200 levels. Levels are marked in the idea below.
Summary :
Buying on breakout of pennant on the upside : (approx level : 3350-3380)
Stop Loss : 3200
Target : 3700/4000/4200 ++
No suggestions if it gives a breakdown of the pennant.
Give a like if you like my idea, Also comment if you have any suggestions. I would love to improve my trading if i am wrong.
Happy Trading.
Coforge - Forging towards ATHCoforge strongly marching ahead. Looking to scale new ATH. The breakout was earlier, i seem to have spotted a couple of days late. SL 2600.
DISC: Not a SEBI registered. I post charts for my own study.
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
