COFORGE - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 4.3

📊 Intraday Trading Analysis — COFORGE

COFORGE is showing a strong momentum-driven setup for intraday trading today. Despite its stretched valuation and negative PEG ratio, the stock’s technical indicators and volume surge suggest short-term upside potential.

✅ Bullish Indicators

Momentum & Price Action

RSI at 63.1: Bullish zone, with room to rise before overbought.

MACD at 16.5: Strong positive crossover — confirms upward momentum.

Price is trading above both 50-DMA (₹1,742) and 200-DMA (₹1,653) — bullish structure.

Volume Strength

Current volume (21.89L) is nearly 2x the 1-week average (12.06L) — strong trader interest.

Earnings Momentum

PAT surged 85.6% QoQ (₹151 Cr vs ₹111 Cr) — strong financial performance.

DII holding increased by 2.39% — domestic institutional support.

⚠️ Risks to Watch

Valuation Concerns

P/E of 102 and PEG of -14.0 — extremely expensive and growth-adjusted valuation is negative.

FII Sentiment

FII holding declined by 2.79% — foreign caution.

Modest ROCE/ROE

ROCE (13.9%) and ROE (11.3%) — decent but not exceptional.

🎯 Intraday Strategy

🔽 Optimal Buy Zone

Entry Range: ₹1,815–₹1,825

Trigger: Price sustains above ₹1,820 with volume >18L in first hour

📈 Profit-Taking Levels

Target 1: ₹1,850 — minor resistance

Target 2: ₹1,870–₹1,880 — if momentum builds

🛑 Stop-Loss

₹1,800 — below VWAP and intraday support

🕒 If You Already Hold Today

🔄 Exit on Weakness

RSI drops below 58 with declining volume

Price breaks ₹1,805 with bearish candle (e.g., engulfing or shooting star)

🚀 Exit on Strength

Price hits ₹1,870+ with RSI >68 and volume >22L

MACD histogram flattens or turns negative — signal to book profits

This setup favors momentum scalping with breakout potential. Let me know if you’d like help setting up a trailing stop or live VWAP tracker for COFORGE.

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