Technical Analysis Coforge Limited.

The stock $COFORGE is after a steep and extended downtrend from the 1900 level down to approximately 1050 in mid-March the stock has successfully reversed its direction. The price is now forming a clear pattern of higher highs and higher lows, which is a classic sign of an uptrend and shows that buyers are currently in control. The stock is trading near the 1421.80 mark and showing strong upward momentum after recovering from a recent dip. Immediate Resistance there is a distinct resistance target marked on the chart at 1518.05. If the price can break and close above this level it will likely confirm further bullish strength. Immediate Support the 1300 area is now acting as a strong support base. It previously acted as resistance and now that the price has broken above it buyers are stepping in at this level. Deep Support below that the 1200 zone serves as a secondary deeper structural support. Short-term buyers, the current bullish structure presents an accumulation opportunity on minor dips targeting the immediate resistance at 1518 with a strict stop-loss placed just below the 1300 support zone. Meanwhile, existing holders should comfortably retain their positions as long as the stock maintains its structure above 1300. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.