BIRLASOFT LTDLong
Birlasoft VCP breakout showing strength
Updated
BirlaSoft reacted strongly from its rising 200ma & went up to closed above 20 & 50 sma on Friday.
It forming a very inviting long tail candle. The volume though was marginally (25%) higher wrt its 10day average.
On Monday, it gapped up strongly and now today's close seems to be sustaining well. Waiting to see how the coming weeks shape up.
Planned GTT entries triggered on Monday morning, but did not execute due to gap up. Min quantity entry taken at 298 levels.
It forming a very inviting long tail candle. The volume though was marginally (25%) higher wrt its 10day average.
On Monday, it gapped up strongly and now today's close seems to be sustaining well. Waiting to see how the coming weeks shape up.
Planned GTT entries triggered on Monday morning, but did not execute due to gap up. Min quantity entry taken at 298 levels.
Trade active
40% upmove done from entry levels, within 12 sessionsNote
If you've not exited at strength, It may be best to book 75% quantity in the range of 400-420. There appears to be a pause of momentum ahead.
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