#COFORGE chart: Technical analysis

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#COFORGE chart: Technical analysisCoforge LimitedNSE_DLY:COFORGEyashagarwal020584Monthly breakdown of COFORGE chart: Chart pattern: Ascending triangle was formed in coforge chart . As per the chart pattern the coforge was supposed th give breakout as it is a bullish chart pattern but this pattern failed and wouldn't worked... resulting in breakdown. Support and resistance : Coforge chart seems to respecting its support level by forming an ingdifference candle after which a striong bullish candle is required for confirmation of bullish reversal patterns which is clearly visible on chart as of now. let see whether by the completion of this month we are going to witness coforge respecting its one technical indicator or this time also the indicator wont work. hoping for positive development.