Coforge Analysis

With momentum building up in the IT Sector, analysing Coforge was very important.

Here are the details-
With the current pricing and levels in the chart of Coforge,
The buying/accumulation zone is between 6500 to 6600
The profit booking/ supply zone is between 6850 to 6950.
There are Higher highs and higher lows being formed on the chart with the levels squeezing to shorter triangles.
Thus there is a huge potential for a breakdown at around June 2024. Be Careful with your long positions.

Let me know what you think about it.