Coforge – Daily Timeframe Technical View
The stock is trading within a well-defined parallel channel on the daily timeframe.
Within this channel, an Ascending Triangle pattern is forming, indicating accumulation and potential upside momentum.
Immediate Support Zone: ₹1,530–₹1,550
Long-Term Channel Support: ₹1,200–₹1,300
If the stock respects the pattern support, a breakout is possible, which could open the door for an upside move toward ₹2,850–₹2,900.
Alternatively, if the stock holds the channel support, it is likely to continue moving within the channel, maintaining the prevailing trend.
Thank You!!
The stock is trading within a well-defined parallel channel on the daily timeframe.
Within this channel, an Ascending Triangle pattern is forming, indicating accumulation and potential upside momentum.
Immediate Support Zone: ₹1,530–₹1,550
Long-Term Channel Support: ₹1,200–₹1,300
If the stock respects the pattern support, a breakout is possible, which could open the door for an upside move toward ₹2,850–₹2,900.
Alternatively, if the stock holds the channel support, it is likely to continue moving within the channel, maintaining the prevailing trend.
Thank You!!
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.