prices down from multiple resistance and trendline zone

Coforge facing strong selling pressure after reaching a major resistance + rising trendline zone around ₹1,980–₹2,020. Coforge — Technical View The blue trendline has connected multiple previous swing highs, and price has repeatedly struggled near this area. The recent move toward ₹2,000–₹2,020 was followed by a sharp rejection, indicating that sellers became active around this resistance zone. Coforge also recorded an all-time high of about ₹2,021.20 on August 31, 2026, which reinforces the importance of this zone. ₹1,980–₹2,020 → Major resistance / trendline supply zone ⬇️ Price rejected from this area ⬇️ Selling accelerated ⬇️ Stock moved toward ₹1,800 The recent fall also coincided with concerns surrounding Chairman O.P. Bhatt's resignation, which intensified the selling pressure. Important levels ₹1,800–₹1,820: immediate support zone ₹1,730–₹1,760: next support ₹1,890–₹1,930: immediate resistance on recovery ₹1,980–₹2,020: major resistance/trendline zone Recent technical data also identifies ₹1,800 as an important immediate support, while ₹1,900 is an important resistance area. Simple interpretation Resistance + trendline rejection → profit booking → correction toward support. The broader uptrend has not necessarily been completely damaged, because the stock is still above its 50-day moving average around ₹1,756 and 200-day moving average around ₹1,579. So, ₹1,800–₹1,820 is the key zone to watch now. If price forms a bullish candlestick pattern there—such as a Hammer or Bullish Engulfing—with volume and follow-through, it could indicate buyers returning. Conversely, a decisive close below ₹1,800 could extend the correction toward ₹1,730–₹1,760. In one line: Coforge has corrected after facing multiple resistance and trendline supply near ₹2,000–₹2,020; now the ₹1,800–₹1,820 support zone becomes crucial for a potential recovery.