coforge below 50 Ema.

COFORGE

Commento:

Stock broken Major trend line support.
After May 20 , MACD line has turned negative.
Histogram trend also negative.RSI below 40 so weakness in stock . Long only after stock cross over 50 EMA and RSI above 50 .

Commento:

9noc-close over 50 EMA> RSI below 60 MACD below 0.
Wait 1/2 sessions for stock consolidation above 50 EMA .
short term tgt 2400 and 4-6 month 2800

Commento:

14 nov-9 EMA expected to cross 21 EMA and MACD line also crossed over signal line .
Once 9 ema over 21 ema . GO long .(go thro SIP mode as mkt in extreme greed zone)