TradingView
Retailer_ki_dost
Sep 15, 2020 3:13 AM

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

BIRLASOFT (INDIA)NSE

Description

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
nisota
is it a good buy at 177?
Retailer_ki_dost
@nisota, level is good but wait for a good bullish candle on higher tf atleast one hour
nisota
@Retailer_ki_dost, thank you will be waiting for such a breakout
Retailer_ki_dost
Retailer_ki_dost
@nisota, I added in my portfolio today, after closing of first 1 hour candle.
nisota
@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?
Retailer_ki_dost
@nisota, as long as abv 185 good buy on dips :)
More