COFORGE - Swing Trade Analysis with AI Signals

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

Swing Trade Rating: 3.9

📈 Current Price: ₹1,765

📊 RSI: 53.3 (Neutral zone)

📈 MACD: 25.1 (Bullish momentum)

📈 DMA 50 / 200: ₹1,735 / ₹1,670 (Price above both averages)

📉 Volume: 10,97,761 vs 1Wk Avg 11,96,701 (Slightly below average)

💰 Market Cap: ₹59,060 Cr

📈 Qtr Profit Growth: +44.8%

📉 FII Holding: -3.33%

📈 DII Holding: +2.55%

📌 Optimal Entry Price

🎯 Entry Range: ₹1,730–₹1,750 (Near 50 DMA and support zone)

📤 Exit Strategy

💡 Exit if: Price approaches ₹1,950–₹1,980 or RSI crosses 68 with weakening volume.

✅ Positive

• Price trading above both 50 DMA and 200 DMA
• MACD indicates bullish momentum
• Quarterly PAT more than doubled from ₹151 Cr to ₹332 Cr
• DII holding increased significantly (+2.55%)
• Low debt-to-equity ratio (0.08) supports financial stability

⚠️ Limitation

• Very high P/E (84.4) compared to industry P/E (29.7)
• Negative PEG ratio (-11.5) suggests valuation concerns
• ROCE (13.9%) and ROE (11.3%) are modest for the sector
• Volume slightly below weekly average

📰 Company Negative News

• FII holding declined by 3.33%
• Valuation metrics indicate overpricing

📈 Company Positive News

• Strong quarterly profit growth
• DII holding increased, showing domestic institutional confidence

🏭 Industry

• Industry P/E: 29.7 (much lower than stock P/E)
• IT services sector remains resilient but sensitive to global demand and currency fluctuations

🔚 Conclusion

COFORGE offers a technically strong swing trade setup with bullish indicators and improving profitability. However, valuation concerns and declining FII interest warrant caution. Entry near ₹1,730–₹1,750 is favorable, with an exit target around ₹1,950–₹1,980. A stop-loss below ₹1,700 is recommended to manage downside risk.

I can also track RSI and MACD trends for COFORGE to help you time your exit more precisely.