Breakout Stock for Today: Coforge

COFORGE

Breakout Stock for Today: Coforge 5 Technical Setup CMP: Around ₹1,340–1,350 Strong bullish candle with high volume Outperforming weak market sentiment Trading above 20 EMA & 50 EMA RSI near bullish zone (60+) IT sector gaining strength due to weak Rupee benefit Breakout Levels Buy Above: ₹1,360 Target 1: ₹1,420 Target 2: ₹1,480 Stop Loss: ₹1,295 Why This Stock? Strong relative strength versus Nifty IT stocks seeing buying interest today Momentum breakout after consolidation Short covering visible in technology sector Risk If Nifty breaks below 23,150 support, broader market weakness may affect momentum stocks.