🔥 COFORGE – Strong Results + Price Action Setup

COFORGE

🔥 COFORGE – Strong Results + Price Action Setup 📊 Q4 FY26 Results Snapshot Net Profit: ₹612 Cr (+145% QoQ / +134% YoY) Revenue: ₹4,450 Cr (+30% YoY) EBITDA: ₹916 Cr (+18% QoQ) Strong order book + AI-led growth driving margins 👉 Overall: Excellent earnings beat + strong growth visibility for FY27 📈 Price Action Analysis 🔹 Trend Stock corrected ~30% in 2026, indicating prior downtrend exhaustion Currently attempting base formation after correction 🔹 Structure Price is forming: Higher lows (accumulation zone) Demand seen near support levels 👉 Indicates smart money accumulation post results 🔹 Momentum Trigger Results-driven rally can act as trend reversal catalyst Strong volumes expected after earnings surprise 🎯 Key Technical Levels Immediate Support: ₹1,100 – ₹1,130 zone Strong Demand Zone: ₹1,050 Resistance / Breakout: ₹1,200 – ₹1,250 👉 Above ₹1,250 → Fresh breakout → Momentum rally likely 📊 Trading Setup ✅ Bullish Scenario Sustaining above ₹1,250 Target: ₹1,350 – ₹1,450 Positional target: ₹1,600+ ⚠️ Bearish Scenario Breakdown below ₹1,100 Weakness may continue toward ₹1,000 💡 Confluence Factors Strong earnings + margin expansion AI + deal wins supporting growth Post-correction base formation Sector tailwind (IT recovery theme) 🧠 Conclusion Coforge is showing a classic setup: 👉 Strong results + base formation + potential breakout