Coforge – Key Levels & Market Outlook

📌 Coforge (NSE: COFORGE) – Key Levels & Market Outlook
Coforge (COFORGE) is currently trading above a strong support level at ₹7,800. If the stock sustains this level and breaks past the ₹8,200 resistance, it could rally toward the ₹8,500-₹8,600 target zone. However, if it fails to hold ₹7,800, the next key support lies at ₹7,700, and a breakdown below this could trigger further downside toward ₹7,400.

🔍 Technical Indicators:
📊 Supertrend (10,3): The stock remains in a buy mode, indicating a bullish trend as long as it holds ₹7,800.
📈 Fibonacci Retracement: ₹8,200 aligns with a key retracement level; a breakout above this zone could strengthen the bullish outlook.
📉 MACD (Moving Average Convergence Divergence): On the verge of a bullish crossover, signaling a potential upside move.
📊 RSI (Relative Strength Index): Currently near 56; a move above 60-65 would confirm strong buying momentum.

📌 Key Levels to Watch:
✅ Support Level: ₹7,800
📍 Resistance Level: ₹8,200
🚀 Upside Targets: ₹8,500-₹8,600
⚠ Breakdown Risk: Below ₹7,700, the stock could decline toward ₹7,400.

A decisive move above ₹8,200 could fuel further bullish momentum, pushing Coforge toward ₹8,500-₹8,600. On the downside, a break below ₹7,700 may lead to extended selling pressure. Keep an eye on IT sector performance, global market trends, and institutional activity for further confirmation.