A Good correction can be seen in COFORGE since the month of JAN.
FALLING WEDGE/CHANNEL pattern can be spotted in 1 hour TF indicating trend reversal.
A can enter the stock on breakout about 4600 with a SL 4372 for a shorterm period for a target of 4800 and further of 5000.
Also the stock is trading at a discounted price and its good to add in portfolio.
************************PLEASE FOLLOW RISK MANAGEMENT***************************************************
FALLING WEDGE/CHANNEL pattern can be spotted in 1 hour TF indicating trend reversal.
A can enter the stock on breakout about 4600 with a SL 4372 for a shorterm period for a target of 4800 and further of 5000.
Also the stock is trading at a discounted price and its good to add in portfolio.
************************PLEASE FOLLOW RISK MANAGEMENT***************************************************