💻 Coforge Ltd. — Cup & Handle in Progress + Strong Bounce from Demand Zone

📐 Cup & Handle Formation: Bullish Setup A large rounded base (cup) is clearly visible forming from Jan to July 2025. Resistance at ₹1996 is a crucial neckline. Handle forming now with a healthy retest near 200-DMA support (₹1676). Today's strong bounce = early sign of handle completion. 📊 Breakout Target If it breaks out above ₹1996, classic target = ₹1996 + ₹811 = ₹2807 (~40% potential upside) Risk-reward looks favorable from current zone. 📉 Volume Dynamics Sharp sell-off post near breakout attempt However, defensive volume drop during fall suggests this may be a healthy correction, not distribution Recent green candle shows volume spike — could be smart money re-entry 🟢 200-DMA & Anchored VWAP Support held around ₹1676 (200-DMA) — high confluence zone Rebound happening with strong price-action confirmation 📋 Fundamentals Snapshot IT services company with deep capabilities in digital, cloud & automation. Consistent revenue visibility through long-term US & Europe clients. Margins have slightly compressed in FY25 due to wage hikes, but order book remains robust. Strong RoE >20%, solid promoter holding, and low debt. ✅ Conclusion: Pattern: Cup & Handle Entry: On close above ₹1760 (safe) or early near ₹1720 with SL below ₹1675 Target: ₹2800 (measured move) Invalidation: If breaks below ₹1650 on volume