Coforge Ltd. is creating pennant formation in the hourly chart after a strong bullish upside. once there comes a breakout of the pennant on the upside it can give another bull run till 4000 - 4200 levels. Levels are marked in the idea below.
Summary :
Buying on breakout of pennant on the upside : (approx level : 3350-3380)
Stop Loss : 3200
Target : 3700/4000/4200 ++
No suggestions if it gives a breakdown of the pennant.
Give a like if you like my idea, Also comment if you have any suggestions. I would love to improve my trading if i am wrong.
Happy Trading.
Summary :
Buying on breakout of pennant on the upside : (approx level : 3350-3380)
Stop Loss : 3200
Target : 3700/4000/4200 ++
No suggestions if it gives a breakdown of the pennant.
Give a like if you like my idea, Also comment if you have any suggestions. I would love to improve my trading if i am wrong.
Happy Trading.