COFORGE: 7-Year Trend + ATH Breakout Setup

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COFORGE: 7-Year Trend + ATH Breakout SetupCoforge LimitedNSE:COFORGEjeet20Coforge is approaching a potentially significant breakout on the weekly timeframe. After a strong recovery from the 2026 correction, price has once again reached the ₹1,980–₹2,000 zone, which has acted as a major resistance area in the past. The current structure is interesting because: 🔹 The broader weekly trend remains bullish 🔹 Price has formed a strong sequence of higher highs and higher lows after the 2026 bottom 🔹 Weekly RSI is around 73, indicating strong momentum 🔹 Price is now testing/attempting to move beyond the previous major high around ₹2,000 🚀 Breakout Scenario A weekly close above ₹2,000–₹2,010 would be an important confirmation that buyers have finally overcome the long-term resistance zone. If the breakout sustains, the stock could enter a price-discovery phase, where previous resistance levels no longer provide meaningful overhead supply. Possible upside zones I would watch: ₹2,200 → ₹2,400 → ₹2,600+ 🎯 Key Levels Resistance / Breakout Zone: ₹1,980–₹2,010 Breakout Confirmation: Weekly close above ₹2,010 First Upside Zone: ₹2,200 Second Upside Zone: ₹2,400 Extended Target: ₹2,600+ Important Support: ₹1,850–₹1,900 ⚠️ Invalidation The bullish breakout thesis would weaken significantly if price breaks back below the ₹1,850–₹1,900 zone after a failed breakout. A decisive move back below the recent breakout structure would suggest that the move above ₹2,000 was a false breakout rather than the beginning of a new uptrend. 📊 Momentum Weekly RSI is currently around 73, which shows very strong momentum but also means the stock is in an extended zone. This is a technical analysis setup, not a buy/sell recommendation.