Topic Statement:
Coforge staged a sharp V-shaped recovery from the early 2025 market crash, rebounding off key support and approaching major resistance.
Key Points:
* The stock retraced to the 38.2% Fibonacci level at 1292 during the crash, where it found strong support
* A swift V-shaped recovery followed, with the price now facing stiff resistance at 2000, forming a double top
* Coforge generally trades above the 200-day EMA, making it a strong accumulation candidate when nearing that level
Coforge staged a sharp V-shaped recovery from the early 2025 market crash, rebounding off key support and approaching major resistance.
Key Points:
* The stock retraced to the 38.2% Fibonacci level at 1292 during the crash, where it found strong support
* A swift V-shaped recovery followed, with the price now facing stiff resistance at 2000, forming a double top
* Coforge generally trades above the 200-day EMA, making it a strong accumulation candidate when nearing that level
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.