+ 413.66

+ 148.80

+ 295.00

+ 426.00

+ 510.00

The stock of Coforge has been rallying since the beginning of this month, gaining about 10 per cent. It bounced off the support at ₹1,720.

Early this week, it surpassed the resistance at ₹1,885, a noticeable indication that the uptrend has resumed.

While there might be a minor correction in price from the current level, possibly to ₹1,885, we expect the stock to eventually restart the bull trend and rise to ₹2,200 in the near-term.

Participants can buy the stock now at ₹1,932 and accumulate at ₹1,885. Place stop-loss at ₹1,785. When the price rises to ₹2,050, raise the stop-loss to ₹1,950.

Tighten the stop-loss further to ₹2,100 when the stock rallies to ₹2,150. Book profits at ₹2,200.

Here's an interesting stock idea: The stock that we have today is Coforge. The stock has been rallying since the beginning of this month. Earlier this week, it broke out of a key resistance, indicating that the uptrend has resumed. Although there could be a minor price correction from the current level, we expect the stock to eventually regain momentum and extend the rally. Check out the latest episode of bl.Today’s Pick to learn more.Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

Published on October 16, 2026

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