COFORGE LTD – Trendline Breakout & Trend Reversal Setup ........

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COFORGE LTD – Trendline Breakout & Trend Reversal Setup ........Coforge LimitedNSE:COFORGEPips_Sadhak📊 Technical Structure Multi-month descending trendline breakout after a prolonged correction. Successful retest of the breakout zone with price holding above support. Previous resistance around ₹1,350–1,400 is now acting as support. Clear change in market structure with formation of a Higher Low (HL) after the major Lower Low (LL). Price has reclaimed the 50 EMA, indicating improving momentum. Entry triggered after breakout confirmation and sustained buying pressure. 📈 Volume Analysis Strong volume expansion during the reversal phase. Breakout supported by above-average participation, reducing the probability of a false breakout. Volume spike near the bottom suggests accumulation by stronger hands. Follow-through volume remains healthy, confirming demand at higher prices. 🎯 Trade Plan Target 1: ₹1,750 Target 2: ₹2,000 Stop Loss: ₹1,250 🔍 Key Observations Resistance-to-support flip adds conviction to the setup. Trendline breakout aligns with bullish market structure shift. Risk-reward remains attractive with clearly defined support levels. Momentum is building after months of consolidation and correction. Potential start of a fresh uptrend if price sustains above the breakout zone.