Coforge Ltd – Downtrend Showing Early Recovery Signs

📊 Coforge Ltd – Downtrend Showing Early Recovery Signs The stock is currently in a broader downtrend but is attempting a short-term recovery from lower levels. Here’s a structured breakdown 👇 🔎 Technical Observations: • Clear downtrend with lower highs & lower lows • Sharp sell-off followed by base formation near support zone • Recent bounce with improving price action • Volume gradually increasing during recovery phase • Momentum indicators turning slightly positive 🔑 Key Levels to Watch: • Immediate Resistance: ₹1195 – ₹1245 • Major Resistance: ₹1290 – ₹1338 • Immediate Support: ₹1100 – ₹1055 🚀 Upside (Pullback) Targets: • ₹1245 • ₹1290 📉 Downside Scenario: If price fails to hold ₹1100, further downside may continue towards: • ₹1055 • ₹1008 📈 Trading View: This move looks like a pullback within a larger downtrend 👉 Wait for a strong breakout above resistance for trend reversal confirmation ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊