S_Rawat

Breakout in Birla soft

Long
S_Rawat Updated   
NSE:BSOFT   BIRLASOFT (INDIA)
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.
Trade active:
Finally, After a month of consolidation, our first Target of 380 achieved.
Trade active:
Good bounce .
Trade active:
Fresh buy 380++
Trade active:
Good bounce with volume
Trade active:
Our second target of 440 achieved..
Trade active:
It seems like Birla Soft is performing well and our target of 500 is soon to be achieved.
Trade active:
Our Third target of 500 is achieved.
Comment:
Next Target : 560-580
Trade active:
Performance: Birla Soft is looking good. 560-580 is profit booking zone for this stock.

Comment:
Based on Fibonacci retracement, we can expect new targets between 675 and 790.
Trade active:
700 hit
Trade active:
good bounce ... upcoming targets 750/800
Trade active:
Touched 800
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.