COFORGE - IntraDay Trade Analysis with Live Signals

Last Updated Time : 05 Nov 25, 7:43 am

IntraDay Trade Rating: 4.0

📈 Strong earnings momentum and bullish indicators support a favorable intraday setup, though valuation remains elevated.

📈 Positive

• 📊 MACD at 25.1 and RSI at 53.3 — bullish momentum with potential for continuation.
• 📈 Trading above DMA 50 (₹1,735) and DMA 200 (₹1,670) — confirms short-term and long-term uptrend.
• 📈 DII holding increased by 2.55% — strong domestic institutional support.
• 📈 PAT doubled from ₹151 Cr. to ₹332 Cr. — robust earnings growth.

⚠️ Limitation

• 📉 Volume slightly below average (10.97L vs 11.96L) — moderate intraday participation.
• 📉 P/E of 84.4 vs industry P/E of 29.7 — significantly overvalued.
• 📉 PEG ratio of -11.5 — indicates valuation concerns or inconsistent growth expectations.

📰 Company Negative News

• 📉 FII holding dropped by 3.33% — foreign investor sentiment weakening.

🌟 Company Positive News

• 📈 EPS of ₹20.9 and dividend yield of 0.86% — solid shareholder returns.
• 📈 Strong quarterly profit growth of 44.8% — operational efficiency improving.

💻 Industry

• 🖥️ Operates in IT services — stable demand driven by digital transformation and global outsourcing trends.
• 📊 Industry P/E of 29.7 — COFORGE trades at a premium, reflecting high growth expectations.

📌 Conclusion

• 📈 Good intraday candidate with bullish trend and earnings momentum.
• 💡 Optimal buy range: ₹1,755–₹1,765. Target exit: ₹1,785–₹1,800.
• 🛑 Stop-loss: ₹1,740 to limit downside risk.
• 📤 If already holding, consider exiting near ₹1,785 if RSI crosses 58 or MACD starts to flatten intraday.

I can also help you track COFORGE’s intraday resistance levels or compare it with other mid-cap IT stocks showing stronger volume breakouts.