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Top 5 Reasons Why Coforge’s Breakout Stock Pattern Makes It a Buy
Coforge's breakout from the inverse head and shoulder pattern presents a buying opportunity, with a target of ₹2,250 in the next few months.
Coforge Ltd, a prominent IT company in India, has recently broken out from a bullish inverse head and shoulder pattern, indicating a potential trend reversal. Experts suggest that this technical setup is a signal for traders to consider buying the stock, with a target price of ₹2,250 in the next 3-4 months. Coforge is currently trading above its key moving averages, and technical indicators are favorable, signaling a weakening of selling pressure and an increasing buying interest.