Coforge Analysis
With momentum building up in the IT Sector, analysing Coforge was very important.
Here are the details-
With the current pricing and levels in the chart of Coforge,
The buying/accumulation zone is between 6500 to 6600
The profit booking/ supply zone is between 6850 to 6950.
There are Higher highs and higher lows being formed on the chart with the levels squeezing to shorter triangles.
Thus there is a huge potential for a breakdown at around June 2024. Be Careful with your long positions.
Let me know what you think about it.
Here are the details-
With the current pricing and levels in the chart of Coforge,
The buying/accumulation zone is between 6500 to 6600
The profit booking/ supply zone is between 6850 to 6950.
There are Higher highs and higher lows being formed on the chart with the levels squeezing to shorter triangles.
Thus there is a huge potential for a breakdown at around June 2024. Be Careful with your long positions.
Let me know what you think about it.
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