Coforge Ltd.

The daily chart of Coforge Ltd. (NSE) shows a rising wedge pattern, typically a bearish formation, with the price nearing the resistance zone around ₹8300-8350. Key support levels lie at ₹8000 (wedge support and 50-day MA), ₹7400 (100-day MA), and ₹7000-7100 (long-term support). While the stock remains in an uptrend, weakening momentum is suggested by bearish divergences in the RSI and a bearish MACD crossover. A breakout above ₹8350 with strong volume could signal further bullishness toward ₹8500-8600, while a breakdown below ₹8000 could target ₹7400 and lower. Traders should watch for a decisive move outside the wedge and use tight stop-loss levels to manage risk.