Watch out for Inverse Head & Shoulder Breakout (Don't Miss)
Updated
Birlasoft is involved in the business activities of Writing , modifying, testing of computer program to meet the needs of a particular client excluding web-page designing.
The Stock has formed has an Inverse Head & Shoulder Pattern on the chart and is ready for breakout.
The Company is fundamentally very sound. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycle. The Company has posted excellent results for the last quarter of FY 21. EPS increased by 30% YoY and Sales increased by 12% YoY.
Can be added at current levels. For Targets and SL refer chart.
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The Stock has formed has an Inverse Head & Shoulder Pattern on the chart and is ready for breakout.
The Company is fundamentally very sound. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycle. The Company has posted excellent results for the last quarter of FY 21. EPS increased by 30% YoY and Sales increased by 12% YoY.
Can be added at current levels. For Targets and SL refer chart.
Feel Free to share your feedback and queries.
Do follow me for further upcoming posts.
Trade active
First Target done for Birlasoft. A return of 20% till now. Can book half profits here.Trade closed: target reached
All targets met. Can book full Profits here
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