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BIRLA SOFT BREAKOUT, TRADING NEAR ITS ALL TIME HIGH, SWING LONG

Long

BIRLASOFT (INDIA) (NSE:BSOFT)

NSE:BSOFT BIRLASOFT (INDIA)

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trendanalysis supportandresistance trendline birlasoft birla nifty banknifty breakout

Birla soft broke its narrow range (by making symmetric triangle) and its long term (2 yrs) resistance (174) in previous day session with good volume , this is its second attempt to break this level. Its a good and safe buy above 188 if sustained for new highs WSL 175.
If retraces back to 176-174 and makes a good bullish candle then its the best scenario to buy this counter.

Trade active: Added at 183, TSL at 185. will keep moving slowly

Comments

is it a good buy at 177?

nisota

@nisota, level is good but wait for a good bullish candle on higher tf atleast one hour

Retailer_ki_dost

@Retailer_ki_dost, thank you will be waiting for such a breakout

nisota

@nisota, :)

nisota

@nisota, I added in my portfolio today, after closing of first 1 hour candle.

Retailer_ki_dost

@Retailer_ki_dost, i missed this one but did add hindalco and it seems to be in a good momentum rn.
P.S: would BSOFT be a good buy yet?

nisota

@nisota, as long as abv 185 good buy on dips :)