Long

Breakout in Birla soft

Updated

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.

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Finally, After a month of consolidation, our first Target of 380 achieved.

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Good bounce .

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Fresh buy 380++

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Good bounce with volume

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Our second target of 440 achieved..

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It seems like Birla Soft is performing well and our target of 500 is soon to be achieved.

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Our Third target of 500 is achieved.

Note

Next Target : 560-580

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Performance: Birla Soft is looking good. 560-580 is profit booking zone for this stock.

Note

Based on Fibonacci retracement, we can expect new targets between 675 and 790.

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700 hit

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good bounce ... upcoming targets 750/800

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Touched 800

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Fresh buying setup in Birla soft////

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Good bounce after fresh buy

S_Rawat

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