PrachiMetha

Can $NSE:BSOFT entered in negative Trend ?

Short
PrachiMetha Updated   
NSE:BSOFT   BIRLASOFT (INDIA)
Dear Followers,

I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock BSOFT you've been monitoring.

Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy.

If Stock Break 435-430 level then possibly we can see 420,400,385 level so if you are ready to take Risk then I have 2 Strategies For Month Of August Series that we can Deploy.

1) Buying an Option
Buy BSOFT 440 Pe Near 8-8.50, Stop Loss 5.80, target 12,14,16.50
Time Frame 7-8 Days
Investment =16000, maximum Loss=4400, Profit Upto 17000

2) Hedge strategy
Buy BSOFT 445 CE Near 12-12.50 and Sell BSOFT Future Below 442, Sl 450, Target 430,425,420
Investment = 50000
Maximum Loss = 16000
Profit Upto = 35000

Best regards,
Ajay Metha
Comment:
Taking Entry in Sep Series
Buying BSOFT 485 CE and Selling Future
Trade closed: stop reached

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