Birlasoft retestBirlasoft breakout retest on monthly time frame. It can give good returns in the years to come.
BSOFT trade ideas
BIRLA SOFT BUY VIEWTRADE REASON :
Monthly Correction Completed
Weekly support Activated
Trend Reversed ..
STOCK NAME - BIRLASOFT
ENTRY - 646 RS
STOPLOSS - 564 RS
TARGET 1 - 848 RS
TARGET 2 - 942 RS
HAPPY TRADING ..
Review and plan for 2nd July 2024 Nifty future and banknifty future analysis and intraday plan in kannada. Stocks to watch included.
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please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
bsoft Please consult your financial advisor before investing
All research for educational purposes only.
Reversal from bottom, RSI is shifting in upper direction. Stock is ready to cross past barriers with good volumes. Breakout after long consolidation.
BIRLA SOFT targets and stoplossbirla soft is in consolidation zone now. charts have proposed a clear triangle formation in birla soft. when it will break upside of triangle then it will shoot to its targets given in chart. soon this uptrend will start in birlasoft.
BIRLASOFT - Breakout and retest done - Time for new highs!Daily Time Frame:
Overview & Observation:
1. Clean price action.
2. Moving after retest.
3. Reversing after support formation
4. RRR is favourable.
5. IT sector is currently underperforming once the sector starts reviving this stock should blast.
Trade Plan:
1. ENTRY = 642
2. SL = 10% (577)
3. TARGET = 1:3,1:4,1:5
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
BSOFTbullish englulfing candle on support levles and fibonacci level of 0.5. perfect reversal canditate. Also global rate cuts will help thus stock move upside
BSOFT 1DAYWAIT FOR THE BREAKOUT AT 700
RETEST AT 700
AFTER ENTER
I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit.
No Claim, All Rights Reserved.‼️
Birla SoftCup and Handle Formation (Again Pattern is Still forming)
Just study of mine own
Not Buy Sell Recommendation
look for buy inside zonethis zone marked is potential reversal zone . expecting reversal from that zone.buyers can look for buying confirmation inside the zone.
-- intraday traders can keep 0.236 fib level of swing C to latest swing low. entry is strictly inside zone. keep sl below zone
-- swing traders can keep 0.5 fib level as tgt.
Demand zone in confluence with Fibbo 50%Demand zone in confluence with Fibbo 50%
Go long from 550. Stop Loss below 510
16% in 60 days do it or leave it Bsoft on long ace in spot 611
📊 BSOFT Overview Birlasoft Ltd. is a subsidiary of the CK Birla Group and provides IT services such as application development, maintenance, and infrastructure management. They have a global presence with offices in India, the United States, Europe, and Asia-Pacific. source
💻 BSOFT Services Birlasoft offers a wide range of IT services, including digital transformation, cloud computing, data analytics, and cybersecurity. They cater to various industries, including banking, financial services, insurance, healthcare, and manufacturing. source
its long on cmp 611 inr for 703 price in coming days
for more comment below
🔥 35% - 50% Upside Potential | BSOFT 🔥 35% - 50% Upside Potential |
NSE:BSOFT
Bullish Reversal confirmation after DOJI
✅ Buy Level - Rs 580-598
✅ SL - Rs 559
✅ Target - Rs 639/669/695/748/861
✅ Bullish Reversal confirmation after DOJI
✅ RSI moving upwards of 40
Trade :-
✅ Buy Future Rs 580-598
✅ Buy Equity
Look at the chart for more information
Do share your thoughts on the analysis. Lets decode the charts together.
Setting sail with Birlasoft: Aiming for 860 ⛵️, Navigate the market currents with Birlasoft as your compass. Targeting 860, but anchored by a stop loss at 755, ensure stability while chasing growth. Stay informed, stay confident
Birla Soft03/03/2024
BSoft on daily basis
CMP 787.25
Target : 815-865
SL: As per your risk
Information is only for study purpose
Birla soft target - 1500 long term - CE callBirla soft in breakout zone and currently confirmed the support in monthly time frame
Equity trader buy at this price and sale at 1500 in 6 months or less
Option traders enter a CE call position accoridng to your margin and fund
For more chart analysis comment me in this post.
#Birlasoft chart update - Rounding base , close to All time highNSE:BSOFT
New Management under Angan Guha seems to have a very positive impact upon #Birlasoft
✅Bsoft✅
Base completion in process
Wait for breakout out of base
Volume with price is the key
Key is add to winner and don't let go
disc: Invested , Education purpose Only
BirlasoftBirlasoft is creating an ascending triangle pattern. If it closes above the zone it can give a up rally of around 5-6%. Keep an eye on it
Birlasoft should target 930 after crossing resistanceDaily chart, the stock is trading in an expanding triangle with a tendency to cross the resistance.
After crossing (at around 783), the target will be 930, extending to 1099
Technical indicator RSI is positive
Support A line should be considered for a stop loss level.
Below support line A, the stock will have higher tendency to test support B.
Birla Soft Chart AnalysisBSOFT is tranding near breakout zone we can consider this stock above 748 with stoploss of 720 and for target of 850
birlasoft ready for 7-9% upward move in few daysbirlasoft ready for 7-9% upward move in few days
broken trendline resistance,
