PrashantBhiwaniwala

Birlasoft (India) Ltd - 25.03.2022

Short
NSE:BSOFT   BIRLASOFT (INDIA)
Birlasoft (India) Ltd - 25.03.2022

The stock is trading @ 465.90 levels

The stock has made a DOUBLE TOP @ 486 levels

The prices are above EMA

There is a ENGULFING BEAR in Daily Charts

There is a SHOOTING STAR in Weekly Charts

There is a MACD Bearish Divergence in Daily Charts

RSI is 53 in Weekly Charts (It will be risky for making a Short Position in this stock)

One can initiate a SELL Position below 455 with Support @ 471

Watch out for the price action

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