Coforge is showing a weak setup for the short term, with price trading below key medium‑term moving averages (20/50/100/200‑DMA), where 8 out of 12 MAs are on “Sell”, indicating rallies are getting sold into. RSI(14) around 44 and a negative MACD signal reflect fading momentum, while overbought readings on StochRSI and Williams %R near the top suggest upside is stretched and vulnerable to profit‑booking. As long as the stock fails to sustain above the pivot zone near ₹1,695–1,700 and remains capped below the ₹1,720–1,735 resistance band, risk favours the downside toward supports at ₹1,681–1,655, keeping it suitable for sell‑on‑rise trades with a tight stop just above recent highs.
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