BirlaSoft : Giving another Multibagger Opportunity of ~145% ?

Hi Friends,


BirlaSoft a looking very good in terms of chart formation at this junture. Though The fundamentals are yet to reflect.

It usually corrects by 55-75% from the top. This time it has corrected by 60% almost .

Now the Target comes out to be around ~600 level (~145%) from the current levels .

How Target was calculated :
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yellow parallel lines are for channel which is respected by the stock . The same lower yellow channel line should be treated as stoploss (5-8% below the lower Yellow channel line must be stoploss).

Target is Upper yellow line of the channel.

Please feel free to share your thoughts & ask if any query related to any analysis done by me .

Note : I am not a SEBI registered advisor . Please consider my analysis only for Education purpose .