BIRLA SOFT(INDIA) : Volatility DivergenceStock on Hourly TF wee can see that stock has same open high and bearish at day and bounced at last two hours...but we can see on chart stock has volatility divergence. stock first candle walk below BB lower band and last two candles walk in BB lower band it means that from closing level stock has good buying came and also volume is high. Also stock did not break the 268 level so we can take it as a Sl and enter in stock with CMP, next move can see at 290 level.....
BSOFT trade ideas
BSOFT is forming channel patternNSE:BSOFT small cap IT stock is forming channel pattern.
This stock is trading at 50% below its all time high, but producing good result, hence giving wonderful opportunity to take high returns when US market turns favorable.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
Educational view / Expecting this / BIRLADisclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
BSOFT: Breakout from inverse head and shoulders patternBirlasoft (NSE: BSOFT) is trading above its inverse head and shoulders pattern neckline. Going by previous days' volume, deliveries and price actions and as well as indicators like RSI and its price movement and strength today in comparison to NIFTY IT and the NIFTY 50, It is most probably going to breakout from the pattern and sustain its upward move in the coming sessions.