COFORGE - IntraDay Trade Analysis with Live Signals

Last Updated Time : 20 Dec 25, 07:02 am

IntraDay Trade Rating: 4.0

📊 Analysis: COFORGE is trading at 1,845 ₹, above both 50 DMA (1,825 ₹) and 200 DMA (1,719 ₹), reflecting medium-term strength. RSI at 50.0 indicates neutral momentum, while MACD (11.8) signals bullish undertone. Volume (10,05,557) is above average (8,48,664), showing strong intraday participation. Fundamentals show premium valuation with high P/E (88.3), but strong profit growth supports confidence in intraday trades.

💡 Optimal Buy Price: 1,835–1,845 ₹ if price stabilizes near support.

🎯 Profit-taking Exit Levels: 1,870 ₹ (first resistance), 1,890 ₹ (next resistance).

🛡️ Stop-loss / Loss Protection: 1,820 ₹ (below intraday support).

⏱️ If Already Holding: Exit if price fails to hold above 1,835 ₹ or RSI drops below 48 with declining volume. Momentum exit can be triggered near 1,870–1,880 ₹ if upward move shows exhaustion.

Positive

• ✅ Trading above both 50 DMA and 200 DMA, showing medium-term strength.
• ✅ Strong quarterly PAT growth (332 Cr. vs 151 Cr.).
• ✅ Volume above average, showing strong intraday participation.
• ✅ DII holding increased (+2.55%).
• ✅ 52-week index return at 80.3%, reflecting strong sector momentum.

Limitation

• ⚠️ Very high P/E of 88.3 compared to industry average (26.4).
• ⚠️ PEG ratio at -12.0, showing weak growth valuation.
• ⚠️ ROCE at 13.9% and ROE at 11.3%, moderate compared to peers.

Company Negative News

• 📉 FII holding reduced (-3.33%).

Company Positive News

• 📈 DII holding increased (+2.55%).
• 📈 Quarterly profit variation positive at 44.8% YoY.

Industry

• 🏭 Industry P/E at 26.4, much lower than company’s 88.3, showing premium valuation.
• 🏭 Sector momentum strong with 52w index return at 80.3%.

Conclusion

📌 COFORGE is a strong intraday candidate with bullish undertone. Buy near 1,835–1,845 ₹ with stop-loss at 1,820 ₹. Exit around 1,870–1,890 ₹ if momentum sustains. Strong fundamentals and volume support intraday trades, though high valuation suggests trades should be closely monitored.

Would you like me to extend this into a peer benchmarking overlay so you can compare COFORGE against other IT services and mid-cap tech stocks for intraday confirmation?