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/
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.