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.
COFORGE trade ideas
Coforge Ltd *Coforge Ltd.*
C&H Pattern: Weekly Basis
Strong Vol. BreakOut.
Price BreakOut Needed & to be Sustained.
To Cross Weekly Priceline, 8% Upsided Needed.
Strong Resistance al@4504. If Crossed & Sustained, then Good to Go!!!
Do Your Own Research as well. This is just an Opinion!
Happy Investing:)
BUY COFORGE FOR LONG TERMCoforge is an IT services company providing end-to-end software solutions and services. .
It is among the top-20 Indian software exporters. Prominent global customers include British Airways, the ING group, SEI Investments, Sabre, and SITA.
Market Cap
₹ 26,620 Cr.
Current Price
₹ 4,359
High / Low
₹ 5,200 / 3,210
Stock P/E
33.8
Book Value
₹ 463
Dividend Yield
1.19 %
ROCE
32.1 %
ROE
25.4 %
Face Value
₹ 10.0
Debt
₹ 755 Cr.
EPS
₹ 129
PEG Ratio
1.69
Promoter holding
40.0 %
Intrinsic Value
₹ 2,075
Pledged percentage
0.00 %
EVEBITDA
19.6
Company has been maintaining a healthy dividend payout of 36.3%
BEST STOCK TO BUY NOW FOR LONG TERM IT CAN BE DOUBLE IN ONE YEAR FROM THIS LEVEL.
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COFORGECOFORGE is a leading technology and services company that is well-positioned to capitalize on the increasing demand for digital transformation solutions. With a strong portfolio of digital technologies and services, COFORGE is helping companies around the world bridge the gap between their current state and their desired future state.COFORGE’s portfolio of digital technologies and services includes mobile, cloud, analytics, artificial intelligence, blockchain, and more. These technologies help companies create custom digital solutions that can increase their productivity, reduce costs, and improve customer service.
COFORGE’s commitment to staying ahead of the technology curve has resulted in the successful deployment of many innovative solutions for its clients. The company has deployed advanced analytics and machine learning solutions to help companies gain valuable insights about their customers and operations. It has also implemented blockchain solutions to help customers securely store and manage data.
COFORGE’s technical expertise, combined with its commitment to staying ahead of the technology curve, makes it a strong partner for companies looking to benefit from digital transformation solutions. With its portfolio of digital technologies and services, the company is well-positioned to help its customers bridge the gap between their current state and their desired future state.
COFORGE - Bullish Momentum with VolumesNSE: COFORGE is closing with a bullish 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 consolidating 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.
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.