Coforge-A perfect watchlist stock!
Coforge is an IT services company providing end-to-end software solutions and services and is among the top-20 Indian software exporters according to Screener data. Stock has give 20% compounded sales growth in last 5 years which is quite remarkable.
Hence, It can be a good stock to be kept in watchlist for medium to long term.
Stock had given breakout of cup and handle pattern in weekly time frame and is now retesting the same.
Stock has formed a kind of morning star pattern at the retest support zone. Need to watch if it sustains above this zone.
As you can see, retest zone also coincides with 50% fib retracement which makes it even stronger.
If we see good buying in this stock from here, we can see ATH levels soon and even bigger levels in coming years.
However, If stock goes below 61.8% retracement, it is not advisable to hold.
Hence, It can be a good stock to be kept in watchlist for medium to long term.
Stock had given breakout of cup and handle pattern in weekly time frame and is now retesting the same.
Stock has formed a kind of morning star pattern at the retest support zone. Need to watch if it sustains above this zone.
As you can see, retest zone also coincides with 50% fib retracement which makes it even stronger.
If we see good buying in this stock from here, we can see ATH levels soon and even bigger levels in coming years.
However, If stock goes below 61.8% retracement, it is not advisable to hold.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.