Birlasoft price actionBirlasoft showed good strength earlier. Consolidating in the zone. Will rise again from the last support.Longby ashishhcUpdated 224
Head & Shoulder pattern breakout in BSOFTBIRLASOFT (INDIA) LTD Key highlights: 💡⚡ ✅On 1 Hour Time Frame Stock Showing Breakout of Head & Shoulder Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 677+. ✅Can Go Long in this Stock by placing a stop loss below 602-.by TradZoo1110
Birla Soft ATH retest.Birla Soft is taking good support at its ATH. SL- 559 T1- 780 (1:2) T2 - 847 (ATH)Longby Lone_Wolf_03111
BSoft-ATH breakout retest of an investment stockNiftyIT sector is looking very weak as we have seen a breakdown of support. BSoft is one smallcap IT stock which has big potential to grow in future. Currently, stock is retesting its previous ATH and once stock goes above 650, a good swing trade can be initiated only if NiftyIT turns bullish. If we see a fall in this stock and you are a long term investor, best price to accumulate this stock is between 490-520. Stock becomes extremely weak below 380. Longby tradewithamey_1
BIRLASOFT INDIA ANALYSIS 24 MAY 24 BIRLASOFT INDIA ANALYSIS 24 MAY 24 Bullish Pattern : Broadening wedge INVESTMENT TYPE : SHORT TERM (3-12 MONTHS) ROI % : 35%-57% Cmp: 616 i believe that this stock will follow two paths to reach price level of 861.15 paths and levels you can check in chart. the stock had traveled from 249.50 to 856.00 and it gave 258% to investors , bull rally is exhausted now peoples are doing profit booking . wait for price to come down till 495-564 entry zone . this analysis is for educational purpose only . Longby believe_in_your_dreams25171
BIRLASOFT BREKAOUT AND RETESTThe stock is a classic example or a textbook example of breakout and retest which is quite crisp and clear 585 was a crucial support and was tested , now the stock will begin its uptrend phase taking 585 as a curical support The stock can ralllllly till 856 levels for short term 5-6 weeks and for the longer perspective it can rally till the 1132 7- 8 months Longby keshavmaharaj9583
BSOFT: Reversal candidate!BSOFT and other IT stocks are reversing for a new high. Made this chart yesterday when price was near 600. Expecting target of 800-900 in coming months. Some mid term targets are marked on the trendlines. NOTE: I'm not a SEBI REG. Study before investing.Longby tradingcults4
Breakout in Birla softNSE:BSOFT Good Buying Zone: 1: BIRLASOFT at current market price of 340 OR 2: If found near to 200MA @295-300 Stop Loss: Put the SL between 295 or 300 Targets: 380/440/500/550+++++ Reasons to buy BIRLASOFT: 1: Good support from the bottom of @270 2: Double Bottom formation and breakout. 3: Long term trend line breakout. 4: trading above 200ma line. 5; Handsome RIO . Thanks, Disclaimer: This idea is for Education purpose only, Kindly place your orders at your own RISK. Longby S_RawatUpdated 7742
Reversal candidate- BirlasoftBreakout reversal from support level RSI reversal visible Highest buying volume in 16 WK Keep in your watchlist Disc:for study, not a recommendation Longby plus_charts13
BIRLASOFT: LONGBirlasoft has completed its correction. Expecting upmove. TGT1 and TGT2 as mentioned.Longby SABSEBADASETAN0
B soft looking good to invest for short/long term B soft is fundamentally strong company, trading at support level on weekly chart & morning star pattern on daily chart. Chances of reversal from this level. One can buy at 612-615 with SL of 560, Target open.Longby Power_Bulls2
BSOFT - TREND CHANGED ?Symbol - BSOFT Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals. This stock has given great returns to investors as well as traders in last 1 year. This stock was buy on dips since May 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise as there exists clear Head & Shoulders pattern on larger time frame. I have made short positions in futures already around 690 level & will find opportunity to sell it on each rise until it breaks 730-735 levels which is H&S neckline. So, My SL is placed above 735. Targets I'm expecting on downside will be 575 - 560 - 535. P.S. : Swap markets are now pricing in just one Fed rate cut in 2024. The Fed will keep the rate unchanged at its May 1 meeting. Powell is expected to tighten rhetoric and signal that there will be fewer rate cuts this year than previously expected. If this happens, This will result in strong profit booking in IT stocks specially mid and small caps. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!Shortby akshit_officialUpdated 2215
Birlasoft head and shoulder pattern - Head and shoulder break down formed at weekly chart - 50 days EMA also break down - Marubozu bearish candle formed last week so bearish may continue This is my own idea. I don't recommend to take trade based on this idea. Trade with your own idea and own risk.Shortby johnjen2088115
BSOFT - Long Setup, Move is ON..NSE:BSOFT ✅ #BSOFT trading above Resistance of 790 ✅ Next Resistance is at 974 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.Longby Sandeep_AggarwalUpdated 6
Birlasoft Head & Shoulder PatternBirlasoft, looks like has formed Head and Shoulder pattern. Will it rebounce upwards from 750 or continue to fall downward to 650-680?by leodetntUpdated 14
CALCULATION OF SUPPORT PRICE OR TARGET FOR SHORTHere we can see Bsoft having H&S Pattern. Support or target may be 545.85. This just a calculation based on prediction model. this for learning purpose only. Not recommendation to buy or sellShortby madhushastri14360
[Swing short Trade] BSOFT - 660 ...huge fall ahead?Formed a head shoulder pattern. Expecting a good fall from here. I'm not trading this setup and neither i recommend others to trade on my views.Shortby Mujadid331
Birlasoft Head n Shoulder PatternHead n Should pattern breakdown of neckline and possible targets. Shortby Purna110
BIRLA SOFT is set to give 20-25% returnBIRLA SOFT is set to give 20-25% return Duration: 3-4 Months Targets: 950 Entry Above: 765-780 Do not Take Entry below 718 ( As a Big Trendline Breakout happens & stock will go in Lower Lowes levels) by NaveenTTR4
Birla soft good support - fishing at the dipbirlasoft seems effective dip concentrate at 700 levelsby Tamilniftyanalysis12
BSOFT- #Shorting (Selling) darvas professor + gov + sg#Shorting (Selling) darvas professor + gov + sg 1) Volume Inc 2) Red Zone 3) Lets see Shortby saurav0991222
Birlasoft - Rounding bottom breakoutRounding Bottom is a reversal chart pattern. This pattern is an indication of the end of the downtrend and the potential beginning of an uptrend. Price and volume are considered key indicators for identifying and confirming this pattern. The rounding bottom pattern can last for any time frame including days, weeks, months, or years with longer time frames. Generally, this pattern is an indication of a bullish future for the assets traded. This pattern has a relatively high success rate. However, it is rarely found. This pattern resembles the double top or triple top price pattern. The cup and handle chart pattern is one of the variations of this pattern. The main difference between both the patterns is a bearish pullback at the neckline in the cup and handle chart pattern. How does a rounding bottom work? The market behaviour behind the formation of rounding bottom pattern is inverse to that of rounding top pattern. During the beginning of the formation of this pattern, the stock price continues to fall. The reason is the lack of buyers for the stock in the market. As the price falls, traders start showing interest. This reduces the pace of price decline. The price, then, stabilizes for a time as more buyers start showing their interest. With the increased rate of buying, the stock price starts increasing. The buyer’s willingness to pay a higher price for the stock tends to start the uptrend. This results in the formation of a rounded shape that looks similar to ‘U’. How to trade the rounded bottom? To trade with a rounding top pattern, you need to be patient as it can take quite a long time to develop. This pattern is said to develop when the decreasing price trend stabilizes for some time, and then begins to increase. This confirmation is strengthened when the volume traded is higher on the decrease, flat on stable price, and increasing on the price. Once the pattern is confirmed, the next step is to draw a neckline. A neckline is a line connecting swings in a pattern. After a point where the stock price crosses through the neckline, the traders can think of booking a long position. Some traders also set stop-loss limits while going long. Once the price hits the target, traders look to exit their position. In a summary, the rounding bottom pattern is formed when the price of security decreases to a new low, then moves horizontally and finally, increases. Thus, it takes the shape of a rounding bottom. If identified correctly, this rounding bottom pattern can safeguard traders from selling in a potentially unfavourable market. In fact, it helps the traders to take advantage of huge profits. Birlasoft has formed a rounding bottom pattern, and next target can be 889 Kepp stop loss as 666 on day close basisLongby yogesharora2409Updated 19