[Premium] Trade Of The Week

Coforge Ltd has been in a strong uptrend and continues to display strength. The stock has broken above its resistance of 2,710 and seems ready for another leg of rally in the weeks and months ahead. The upward sloping 200-DMA and bullish momentum in RSI add to the positive setup.

We are bullish above levels of 2,710 with a target of 3,850.

Click on chart to enlarge view.

The second stock we like is Tube Investments of India in the Auto sector. One of the strongest stocks in this space, the price broke above its resistance while making a new high and consolidated at those levels- something we like to see. The positive momentum continues to play out.

We are bullish with a risk management level of 800 and a target of 1100.

With Nifty IT continuing its gravity-defying move and Nifty Auto witnessing a breakout, we think these stocks will perform well going forward.

Thanks for reading and please let us know if you have any questions.

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Allstarcharts Team