COFORGE EQ
CMP: ₹1,517
🔴 SELL Entry Zone: ₹1,512–₹1,520 Targets: 🎯 Target 1: ₹1,490 🎯 Target 2: ₹1,470
🎯 Target 3: ₹1,445 Stop Loss: ₹1,535 (daily closing basis)
Trend: Bearish Probability: 72% Potential Upside (Short Trade): ~4.7%
Risk-Reward Ratio: Approximately 1:2.6 Key Resistance: ₹1,530–₹1,535
Key Support: ₹1,490, ₹1,470, ₹1,445 Timeframe: 1–3 Days
Trade View:
The stock is showing a short-term bearish structure and is trading below an important resistance zone. If it remains below ₹1,530–₹1,535, the downside momentum can extend towards ₹1,490 and ₹1,470. A sustained close above the stop-loss level would invalidate the bearish setup.
Disclaimer: This analysis is based on price action and key support/resistance levels for educational purposes only. Use appropriate position sizing and risk management before trading.
*SHREEJI FINANCE & INVESTMENT*
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