Breakout from triangle pattern in Monthly Chart: COFORGE
COFORGE reached an ATH of 6135 in the month of Jan'22 and corrected by almost 52% to reach a low of 3210 in Sep'22. It has formed a triangle pattern on monthly chart and has been in an upward journey since Oct'22 generating almost 32% returns.
Last month i.e. in May'23 it has broken out of the triangle. This indicates significant upside potential of minimum 24%. The journey has just started so it is the best time for entry.
Stop Loss: 4350
Last month i.e. in May'23 it has broken out of the triangle. This indicates significant upside potential of minimum 24%. The journey has just started so it is the best time for entry.
Stop Loss: 4350
Target 1 stands achieved!!