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₹1929.0
+82.4 (+4.46%)
⚠️ NOT A TRADE RECOMMENDATION: These stock metrics and intraday signals are algorithmically generated based on quantitative characteristics that may be relevant to trading. Inclusion or analysis does not mean BUY, SELL or HOLD. This drilldown is a starting point for independent research, not a prediction of future price movement. Markets involve substantial risk, and you may lose some or all of your trading capital.

📊 Technical Price Chart

✨ Multi-Timeframe Trading Setup & Insights

Engine: Gemini (gemini-flash-lite-latest)

Market Analysis Summary:

"Coforge is displaying robust momentum, outperforming the broader Nifty IT rally with strong relative strength (+2.86%) and a high volume ratio (1.74x RVOL). Technically, the stock is trading comfortably above its VWAP and short-term moving averages, backed by positive MACD histogram expansion and strong intraday buying pressure, though overbought short-term oscillators urge caution. Fundamental news highlights both strong institutional interest as midcap IT picks and corporate governance headwinds regarding internal audits."

Intraday (1 Day) BUY
Conviction: 8/10
Rationale: Using intraday checkpoints: Revalidated using checkpoints up to 15:31. The stock maintained positive trajectory throughout the day, closing near the high of ₹1943.5 with strong sustained volume (RVOL 1.74x). Price is holding firmly above VWAP (₹1908.67), signaling continued intraday strength.
Entry: ₹1915 - ₹1930
SL: ₹1900
Target: ₹1960
Swing (1-6 Mo) BUY
Conviction: 7/10
Rationale: The broader IT sector rally and Coforge's outperformance relative to Nifty support a medium-term bullish stance. Technical indicators like the positive MACD crossover and trading well above the 50-day EMA (₹1792.21) outweigh recent corporate governance jitters, allowing for continued upside toward the 52-week high region.
Entry: ₹1850 - ₹1890
SL: ₹1780
Target: ₹2050
Long Term (1+ Yr) HOLD
Conviction: 6/10
Rationale: While the fundamental business trajectory and positioning within the IT services sector remain strong, recent boardroom governance issues (such as the Chairman's resignation following audit lapses) warrant a cautious wait-and-watch approach before committing fresh long-term capital at current multi-month highs.
Entry: Accumulate on dips below ₹1750
SL: ₹1500
Target: ₹2300

Technical Analysis & Overview:

  • LTP of ₹1929.0 is trading well above its VWAP (₹1908.67) and the 20-day Bollinger Band middle line (₹1809.86), testing the upper band resistance (₹1903.71) due to strong momentum. EMAs across 9D, 20D, and 50D form a solid bullish alignment. Note that the Supertrend (10,3) shows a minor bearish reading at ₹1929.4, just above current price.
  • RSI(14) at 65.25 reflects strong bullish momentum without entering extreme exhaustion zones, though Stochastic %K (93.45) and Williams %R (-6.55) indicate near-term overbought conditions. MACD line (10.62) is well above the signal line (-0.58) with a strong positive histogram (11.2).

News & Sentiment Impact:

Corporate updates present a mixed outlook: on one hand, Coforge is benefiting from an industry-wide IT rally, featuring prominently in analyst midcap picks and surging 31% over 4 weeks to hit an 8-month high. On the other hand, recent governance concerns—specifically the resignation of Chairman OP Bhatt following internal audit lapses—introduce short-term volatility and headline risk that could temper aggressive swing momentum.

⚡ Intraday Live Validation ACTIVE_BUY

Entry Decision
⛔ AVOID
Position Health
🛡️ HEALTHY (Hold)
Session VWAP ₹1908.67
Peak Drawdown from High -0.75%
Intraday 5m EMA9 / EMA20 ₹1928.42 / ₹1927.35
Audit Reason: UPTREND_HOLDING_VWAP (Above VWAP Rs.1908.67 & EMA9 Rs.1928.42)

⏱️ Intraday Checkpoints Timeline

09:30 +0.82% (2.20x) ⚪ WAIT 🛡️ HOLD
10:00 +2.00% (2.32x) ⚪ WAIT 🛡️ HOLD
10:30 +1.73% (1.75x) ⚪ WAIT 🛡️ HOLD
11:00 +1.87% (1.78x) ⚪ WAIT 🛡️ HOLD
11:30 +2.99% (1.77x) ⚪ WAIT 🛡️ HOLD
12:00 +3.88% (1.90x) ⚪ WAIT 🛡️ HOLD
12:32 +4.88% (0.99x) 🟢 BUY 🛡️ HOLD
13:02 +4.46% (1.07x) ⚪ WAIT 🛡️ HOLD
13:34 +3.84% (1.14x) ⛔ AVOID ⚠️ RISK
14:02 +3.82% (1.28x) 🟢 BUY ⚠️ RISK
14:32 +4.80% (1.48x) ⛔ AVOID 🛡️ HOLD
15:02 +4.14% (1.66x) ⛔ AVOID ⚠️ RISK
15:31 +4.46% (1.81x) ⛔ AVOID 🛡️ HOLD

📊 Price Action Metrics

Open Price ₹1866.1
Day's High ₹1943.5
Day's Low ₹1852.2
VWAP ₹1908.67
Distance from Day's High 0.75%
Distance from Day's Low 4.15%
52-Week High ₹2021.2
52-Week Low ₹1008.1

📈 Volume & Participation

Current Volume 3817796
20-Day Avg Volume 2197767.55
Relative Volume (RVOL) 1.74x
Nifty 50 Change 1.6%
Relative Strength vs. Nifty 2.86%

🎯 Comprehensive Technical Indicators Matrix Multi-Period SMAs, EMAs, Oscillators, Bands & Real-Time Verdicts

Indicator & Parameters Calculated Value(s) & Multi-Period Signals Verdict & Bias
RSI (14) 65.25 Bullish (55–70)
Average True Range (ATR 14) ₹62.25 (3.23% of Price) Neutral / Normal
Stochastics (14, 3) %K: 93.45 %D: 85.47 Overbought (≥80)
StochRSI (14) %K: 100.0 %D: 88.71 Overbought (≥80)
ADX (14) & DMI ADX: 20.04 +DI: 19.5 -DI: 14.43 Neutral / Non-Trending
Ultimate Oscillator (UO) 50.99 Neutral
Rate of Change (ROC 12) & Momentum ROC: 8.01% Momentum (10D): ₹156.0 Bullish (+ROC)
Williams %R (14) -6.55 Overbought (≥-20)
MACD (12, 26, 9) MACD: 10.62 Signal: -0.58 Histogram: 11.2 Bullish (Line > Signal)
Supertrend (10, 3) ₹1929.4 (Bearish) Bearish Trend
Bollinger Bands (20, 2) Upper: ₹1903.71 Mid: ₹1809.86 Lower: ₹1716.02 Overbought (Upper Band)
Parabolic SAR ₹1791.31 Bullish (Price > SAR)
Commodity Channel Index (CCI 20) 211.56 Strong Bullish / Breakout (≥100)
Simple Moving Averages (SMAs) 20D: ₹1809.86 34D: ₹1858.25 50D: ₹1842.69 89D: ₹1690.55 200D: ₹1524.82 Neutral / Mixed Stack
Exponential Moving Averages (EMAs) 9D: ₹1848.49 20D: ₹1834.38 34D: ₹1821.37 50D: ₹1792.21 89D: ₹1715.53 200D: ₹1630.71 Bullish Stack (Price > 9D > 20D)
TRIX (15) -0.0433% Bearish (<0)

📰 Latest Google News & Corporate Updates

Persistent, Coforge, Mphasis: Analyst shares midcap picks amid IT rally - Business Today
Publisher: Business Today | Published: Tue, 13 Oct 2026 11:40:23
Coforge surges 31% in 4 weeks, hits 8-month high; what's driving IT stock? - Business Standard
Publisher: Business Standard | Published: Thu, 20 Aug 2026 07:00:00
Coforge Share Price Falls 2.93%: Valuation and IT Context - Univest
Publisher: Univest | Published: Tue, 29 Sep 2026 07:00:00
Is It Smart To Buy Coforge Limited (NSE:COFORGE) Before It Goes Ex-Dividend? - Simply Wall Street
Publisher: Simply Wall Street | Published: Fri, 31 Jul 2026 07:00:00

📚 Technical Indicator & Strategy Definitions

SMAs (Simple Moving Averages): Arithmetic mean of closing prices over multiple trading periods (20D, 34D, 50D, 89D, 200D). Price trading above the 200-day SMA indicates a long-term secular bull trend, while 20D/50D track short-to-medium term institutional support levels.
EMAs (Exponential Moving Averages): Weighted moving averages placing greater priority on recent price bars (9D, 20D, 34D, 50D, 89D, 200D). A progressive stack (EMA 9 > 20 > 50) confirms robust upward momentum and provides dynamic support during pullbacks.
ADX (Average Directional Index - 14) & DMI: Measures trend strength regardless of direction. An ADX value ≥ 25 confirms a strong trending market. Directional Movement (+DI / -DI) indicates which side is in control: +DI > -DI is bullish (buyers dominant), whereas -DI > +DI indicates bearish seller control.
VWAP (Volume Weighted Average Price): The average price weighted by intraday volume. Used as a benchmark by institutional participants; price trading above VWAP indicates intraday buyer control, while trading below VWAP indicates intraday seller pressure.
RSI (Relative Strength Index - 14) & StochRSI: Momentum oscillator measuring speed and magnitude of price movements (0–100). RSI > 70 is overbought; RSI < 30 is oversold; 50–60 signals bullish continuation. StochRSI applies stochastics to RSI to generate early inflection signals for trend shifts.
MACD (Moving Average Convergence Divergence): Trend-following momentum indicator displaying the spread between the 12 and 26-period EMAs against a 9-period signal line. MACD crossing above Signal is bullish; rising histogram bars signal accelerating upward momentum.
RVOL (Relative Volume Ratio): Compares current session volume against the 20-day historical average. RVOL ≥ 2.0x signals abnormal institutional participation, confirming the validity of breakouts and trend expansions.
Bollinger Bands (20, 2): Statistical volatility bands set ±2 standard deviations around a 20-period SMA. Contracting bandwidth ('squeeze') signals an impending explosive breakout, while price walking the upper band confirms aggressive trend expansion.
ATR (Average True Range - 14): Quantifies absolute market volatility in rupee terms over a 14-period lookback. Essential for setting volatility-adjusted trailing stop-losses, target sizing, and detecting range expansions.
Supertrend (10, 3): Volatility-based trend-following indicator calculated with ATR. Provides clear Bullish (green trailing line below price) or Bearish (red line above price) regimes to manage active trade trailing stops.
Stochastic Oscillator (%K, %D): Locates current closing price relative to the 14-period high-low range. Fast line (%K) crossing above smooth line (%D) in oversold territory (<20) confirms a buy reversal signal; crosses above 80 warn of overbought conditions.
CCI (Commodity Channel Index - 20): Measures price variation relative to its statistical average. CCI crossing above +100 signals strong uptrend breakout; crossing below -100 indicates deep downward momentum; zero-line cross marks cycle shifts.
Parabolic SAR (Stop and Reverse): Trailing stop overlay that follows price acceleration. When dots plot below price, the trend is bullish; a flip above price triggers trailing stop protection.
Williams %R (14) & TRIX (15): Williams %R reflects momentum relative to lookback highs (-20 to 0 overbought, -80 to -100 oversold). TRIX is a triple-smoothed EMA rate-of-change oscillator filtering noise to capture major cyclical momentum waves.
Relative Strength (vs. Nifty): Measures the percentage outperformance or underperformance against the benchmark Nifty 50 Index. Positive values identify leading stocks commanding institutional capital flow.
Intraday Regime & Permission Gates: 4-gate hierarchical risk firewall evaluating intraday structure, volume effort vs result at day highs, ATR peak drawdown, and VWAP integrity to prevent buying into collapsing peaks.
Opportunity Score (0 – 100) & Risk Score (0 – 100): Dual independent quantitative ratings: Opportunity Score (≥75 top-tier setup) evaluates momentum, volume, pattern, sector tailwinds, and RS. Risk Score (<50 preferred) evaluates drawdown history, resistance proximity, and volatility.
Setup Archetypes: Algorithmic classification: Breakout Candidate (near 20D/52W high with expansion), Pullback Continuation (EMA20 retest in uptrend), Momentum Continuation (high RS5D + ATR expansion), and Reversal Candidate (extended mean-reversion).