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Umang Bhutada

15th Feb · SEBI-Registered Analyst

Coforge Ltd – 1W

COFORGE
Important Levels: Resistance: 1,900 – 2,000 zone Intermediate Resistance: 1,521 Support: 1,393 Major Support: 1,314 Lower Base: 1,192 Business: IT services player with strong travel, insurance, and BFSI vertical focus. Earnings: Sharp weekly breakdown (-11% approx). Strong bearish momentum candle from supply zone. Volatility elevated. Verdict: Trend clearly weak unless price reclaims 1,521 decisively. 1,314–1,393 zone is crucial demand for short-term stabilization. Disclaimer: SEBI Registered Research Analyst For educational purposes only No Buy/Sell recommendations

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