#Coforge ready to give 9% upmove, RSI breakout trade

As per weekly chart Coforge is looking quite strong, Weekly RSI has already broken out of its resistance of 48. Personally I would want weekly RSI to be above 55 for bigger upmove or price to give pullback to 3645 levels. I will be keeping eye on this counter for quick 5-6% gain if price sustain above 3700 levels, or price to give pullback to 3645 level for great risk reward trade. In both cases my SL would be closing below 3400. Quite interesting counter to keep tab on for next few days, always respect risk.
Happy Investing & trading :)

Handel aktiv:

More than 7.5% gain achieved in this, although price didnt come to my levels hence I entered with lesser than initial planned qty to maintain R:R. Now price has reached congestion zone so bringing SL either to Cost or as per the method people are comfortable with. I am still hoping this counter should give good move and for next few days if price starts consolidating in range it will be great for everyone. Happy Diwali :)

Trade stängt: målet nått