Coforge Limited (Weekly Chart)

Strong Resistance at Multi-Year Highs

is exhibiting a Triple Top formation near the ₹2,020 level. This is a bearish reversal pattern where the price tests a resistance level three times and fails to break out. Resistance: The red horizontal line at ₹2,021 is the major hurdle. Support: Immediate support is seen around ₹1,650, with a more significant base at ₹1,440. Currently, the stock is trading at ₹1,732.30. It is in a consolidation phase with a slight bearish bias. Until it breaks and closes above ₹2,025 on a weekly basis, the upside remains capped. Avoid fresh long positions at current levels. Look for entries near the ₹1,500 support zone or wait for a confirmed breakout above the resistance line.