MonishMoz

Birla Soft -- Bullish

Long
NSE:BSOFT   BIRLASOFT (INDIA)
Price is near its 52wk high, facing stiff resistance. Price may consolidate here for sometime before moving higher. Volume is good compared to the past few days. Stock had moved 10 points from its previous breakout, still stock has potential to move further if it sustains support zone and break its 52wk high. EMA crossover for the shorter period is another good point.

Stock has long wick in weekly candle which concerns as there is reduction in demand,but wait for this weekly candle to finish to arrive at any conclusion.

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