COFORGE - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis for COFORGE

COFORGE has a strong financial profile — low debt, consistent profit growth, and high ROCE — but today's intraday dynamics lean bearish. The technical signals point to short-term weakness despite its broader performance narrative.

🌟 IntraDay Trade Rating

2.6

Fundamentals are top-tier, but the technicals — particularly RSI, MACD, and falling volume — suggest intraday uncertainty. This rating reflects hesitancy for short-duration plays today.

📉 Technical & Momentum Breakdown

RSI: 34.7 Near oversold zone — may attract bottom-fishers, but not enough confirmation.

MACD: -27.5 Momentum remains bearish with no bullish divergence or flattening yet.

Volume: 36.08L vs Avg 1Wk: 49.11L Subdued volume suggests lack of conviction. Without a surge, breakout chances diminish.

Price vs DMAs

Below DMA50 (₹1,790) — short-term resistance.

Above DMA200 (₹1,626) — medium-term support still holding.

🛒 Intraday Trade Plan

✅ For New Entry Today

Buy Zone: ₹1,715–₹1,725 Entry only on reversal candles and intraday volume pickup. Avoid premature long entries.

Profit Target: ₹1,750–₹1,765 Potential bounce if support at ₹1,720 holds. Limited upside unless MACD shows convergence.

Stop-Loss Level: ₹1,705 Below ₹1,705 could signal renewed bearish pressure.

📌 If Already Holding Today

🔁 Exit Strategy

Bearish Triggers

Fails to hold above ₹1,715 in early session.

RSI dips below 33 and MACD continues sliding.

Profit Booking Zone

Price approaches ₹1,755–₹1,765 but gets rejected on weak volume.

Look for upper wick candles or volume divergence as cues.

Trailing Stop Suggestion

If price breaks ₹1,770 with strength, trail stop to ₹1,745 and monitor MACD histogram.

🧠 Final Thought

COFORGE is a quality name, but the intraday setup today favors caution. Technical indicators are leaning bearish, and without momentum confirmation, risk-reward tilts unfavorably for aggressive trades. If you're keen on tech sector scalps or want post-close setups for swing plays, I’ve got some sharp contenders in the pipeline 💼📉

Let me know if you'd like comparative charts or a custom watchlist to prep your next move.

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