Coforge is showing one of the strongest bullish setups on the weekly chart. The stock has been facing repeated rejection near the 2000–2040 resistance zone since December 2024. We saw four major attempts in December 2024, July 2025, December 2025 and August 2026 but every time sellers managed to push the price lower. Now the stock is finally attempting to break this resistance with strong momentum which indicates a major shift in buying strength.
What makes this setup even more interesting is the long-term rising support trendline which has remained intact since 2022. The stock recently bounced strongly from this support and has recovered almost 100% from its March 2026 lows. Fundamentals are also supporting this move with September quarter sales growing 54% year on year and earnings continuing to improve. Weekly RSI near 67 is also confirming strong bullish momentum. If Coforge sustains above 2040 on the weekly chart then I am expecting a fresh expansion phase towards 2300–2500+ in the coming months. This is not just another resistance breakout. It could be the beginning of a much bigger bullish trend.
What makes this setup even more interesting is the long-term rising support trendline which has remained intact since 2022. The stock recently bounced strongly from this support and has recovered almost 100% from its March 2026 lows. Fundamentals are also supporting this move with September quarter sales growing 54% year on year and earnings continuing to improve. Weekly RSI near 67 is also confirming strong bullish momentum. If Coforge sustains above 2040 on the weekly chart then I am expecting a fresh expansion phase towards 2300–2500+ in the coming months. This is not just another resistance breakout. It could be the beginning of a much bigger bullish trend.
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