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Breakout from triangle pattern in Monthly Chart: COFORGE

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COFORGE reached an ATH of 6135 in the month of Jan'22 and corrected by almost 52% to reach a low of 3210 in Sep'22. It has formed a triangle pattern on monthly chart and has been in an upward journey since Oct'22 generating almost 32% returns.

Last month i.e. in May'23 it has broken out of the triangle. This indicates significant upside potential of minimum 24%. The journey has just started so it is the best time for entry.

Stop Loss: 4350
Nota
touched an intraday high of 5846 on 20 Nov '23.

Target 1 stands achieved!!
Dagangan ditutup: sasaran tercapai
All Targets reached!!!!!!!!

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.