Positional setup + fundamental view on Coforge (COFORGE)Coforge LimitedNSE:COFORGERajputAmarjitCoforge is a mid-tier IT / software services company, working across digital transformation, BPM, insurance, banking, and more. Return Ratios: ROE ~ 15%, ROCE ~ 15.9% per some sources. StockAnalysis Another source shows ROE around 12.8% Profitability: According to India Infoline, operating margin ~17%, net margin ~10%. India Infoline Growth: Strong deal win momentum — ICICIdirect sees good order intake and projects ~17.6% revenue CAGR (FY22-FY25E) because of large deals + offshoring. Leverage: Very low debt (Debt / Equity ~ 0.11) per Valuation: Some P/E metrics are elevated — for example, BlinkX reports P/E ~53×. Risks / Concerns: High P/E → market may have high expectations. Margins could be challenged if cost pressures / discretionary spend drops. Execution risk on large deals; scaling efficiently is key. Strengths: Lean balance sheet (low debt) gives flexibility. Improving order book and deal wins could drive medium-term growth. Good return metrics compared to some peers in IT-services. 📈 Technical / Positional Setup (4-Hour Chart Context) From your chart: Coforge is trying to break out above a resistance zone around ~ ₹1,830-₹1,850 (purple horizontal). Short-term EMAs (5, 9, 21) are aligned upward, showing bullish short-term momentum. If breakout holds, the stock could potentially run higher; but we need confirmation (volume + clean close above resistance). Trade Plan: ParameterLevel EntryA confirmed breakout with a 4-hr candle close above ~ ₹1,850–₹1,870 Stop-LossBelow recent support / EMA zone, e.g. ₹1,700–₹1,750 Target 1~ ₹2,100–₹2,200 Target 2~ ₹2,400+ (if strong breakout and IT momentum continues) If price pulls back after breakout and holds above the breakout zone, that could be a good re-entry. Use volume and momentum confirmation to validate breakout strength. Be cautious: since valuation is on the higher side, don’t over-leverage; use a disciplined stop-loss.