COFORGE

Technical Analysis

The daily chart of

(NSE) shows a strong bullish recovery from its recent lows around ₹6,800, supported by rising volumes and positive price action. The stock has broken above the critical resistance zone near ₹8,545 and is currently trading at ₹8,568.50, indicating a potential breakout. All three key EMAs — 21-day, 100-day, and 200-day — are aligned positively with the price trading above them, which signals bullish momentum. The 21 EMA at ₹8,117.57 is acting as a short-term support, while the volume surge confirms strength in the ongoing uptrend. If the stock sustains above ₹8,545, it may test higher resistance levels around ₹9,200–₹9,600. Immediate support lies at ₹8,145 and ₹7,828. A breakdown below these levels could weaken the bullish setup.