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 trade ideas
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...
CoForge Long SetUp .. with Volume Profile study as the base toolOn the 120 minute time frame
Have seen a good decline in price from 4500 to 3940 levels and then some recovery to 4140 levels. The reversal seems to have been validated
with the rise of 200 points from the bottom. Further confirmation shall come as it clears the first supply level around 4155 levels post which
a retracement to our entry point around 4037/4040 levels should give us a good RR trade of nearly 1:4 > Target 1 is placed around a high volume node
@ 4405 and the final target around the previous high close to 4500
For aggressive traders the stop loss can be extended by another 20 points or be taken on a candle close basis.
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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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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.
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