Birlasoft - Positional setupCMP 599 on 12.10.24
A Pole and Flag pattern-like formation is in progress on the chart. But a trade setup should be backed by other parameters too.
The range of 550-580 has been acting as a good support zone for a long time. This time, it reversed from the zone again—a good time for a buy setup with a favorable risk-reward ratio.
Immediate targets seem 670, 710, and 740.
The setup fails if the price sustains below 550-540 levels.
Position size should be following risk management.
This is only for learning and sharing purposes, not trading advice in any form.
All the best.
Birlasoft
Cup & Handle Pattern | BSOFT⭕️ Swing Trading opportunity ! Hourly Analysis Alert !!!⭕️
✍️Technical Reasons to trade or Strategy applied :-
✅ Rally Base Rally Demand Zone
✅Strong Chart Pattern
✅Parallel Channel worked as Support And Tgt
✅Breakout confirmation
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BIRLASOFTBirlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals
Rounding Bottom Breakout and Retest Complete.
Fresh rally seems to begin here.
SPX Levels // 45 MinHello Everyone 👋
Support Levels:
First Support: 4,500
Second Support: 4,480
Third Support: 4,460
Resistance Levels:
First Resistance: 4,520
Second Resistance: 4,540
Third Resistance: 4,560
These levels are derived from technical analysis and can help identify potential entry and exit points for trading
BIRLA SOFT - SWING TRADE ON LONG SIDESymbol - BSOFT
BSOFT is currently trading at 565
I'm seeing a trading opportunity on buy side.
Buying BSOFT Futures at 565
Holding with SL of 545
Targets I'm expecting are 590 - 618 - 650
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BAJFINANCE Support and Resistance Hello Everyone 👋
Pivot Points:
Classic Pivot Points:
Resistance 1 (R1): ₹6,650.37
Resistance 2 (R2): ₹6,684.38
Resistance 3 (R3): ₹6,712.77
Pivot Point: ₹6,621.98
Support 1 (S1): ₹6,587.97
Support 2 (S2): ₹6,559.58
Support 3 (S3): ₹6,525.57
Fibonacci Pivot Points:
R1: ₹6,645.82
R2: ₹6,660.55
R3: ₹6,684.38
Pivot Point: ₹6,621.98
S1: ₹6,598.15
S2: ₹6,583.42
S3: ₹6,559.58
Camarilla Pivot Points:
R1: ₹6,622.07
R2: ₹6,627.79
R3: ₹6,633.51
Pivot Point: ₹6,621.98
S1: ₹6,610.63
S2: ₹6,604.91
S3: ₹6,599.19
Relative Strength Index (RSI):
The RSI (14-day period) helps identify overbought or oversold conditions in the stock.
Interpretation:
RSI below 25: Oversold
RSI between 25 and 45: Bearish
RSI between 45 and 55: Neutral
RSI between 55 and 75: Bullish
RSI above 75: Overbought
BIRLASOFT - Swing Trade Analysis - 13th July #stocksBIRLASOFT (1W TF) - Swing Trade Analysis given on 13th July, 2024
Pattern: REVERSAL FROM WEEKLY SUPPORT
- 5 Weeks Consolidation at Weekly Support Zone - Done ✓
- Strong IT Sector Weekly Breakout - Done ✓
- Accumulation with Volume Buildup at Support Zone - Done ✓
- Demand Zone Consolidation & Retest - In Progress
* Disclaimer
Breakout in Birla softNSE:BSOFT Good Buying Zone:
1: BIRLASOFT at current market price of 340
OR
2: If found near to 200MA @295-300
Stop Loss:
Put the SL between 295 or 300
Targets:
380/440/500/550+++++
Reasons to buy BIRLASOFT:
1: Good support from the bottom of @270
2: Double Bottom formation and breakout.
3: Long term trend line breakout.
4: trading above 200ma line.
5; Handsome RIO
.
Thanks,
Disclaimer: This idea is for Education purpose only, Kindly place your orders at your own RISK.
BSOFT - TREND CHANGED ?Symbol - BSOFT
Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals.
This stock has given great returns to investors as well as traders in last 1 year.
This stock was buy on dips since May 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise as there exists clear Head & Shoulders pattern on larger time frame.
I have made short positions in futures already around 690 level & will find opportunity to sell it on each rise until it breaks 730-735 levels which is H&S neckline. So, My SL is placed above 735.
Targets I'm expecting on downside will be 575 - 560 - 535.
P.S. : Swap markets are now pricing in just one Fed rate cut in 2024. The Fed will keep the rate unchanged at its May 1 meeting. Powell is expected to tighten rhetoric and signal that there will be fewer rate cuts this year than previously expected. If this happens, This will result in strong profit booking in IT stocks specially mid and small caps.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Bearish for BsoftWith the completion of ABCD pattern, Bsoft is entering a sell zone below 539.
So selling below 539
Stop loss above 557
Targets are 525, 518.50
On successful breakout of T2 518.50, next levels I'm looking are 507 and 493 but these will be executed with shifting the SL down as the price moves downside.
BirlaSoft Short Term Trade OpportunityPlease Refer the Chart of Entry, Target and SL.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Birlasoft Picture Perfect CorrectionNSE:BSOFT looks very good at these levels. The Stop Loss would be at 330 . This is one of those chart patterns where you can see that the stock corrected beautifully and held on to crucial levels. One can go long here.
About Birlasoft: Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing.
Hint: Turn on 200 EMA on Weekly and you will understand what I mean by Crucial Levels.
Buy Birlasoft above 346Buy Birlasoft above 346 Target 1 = 355, Target 2 = 365 SL = 339.5. Reason for trade, Stock is in good up move have given pullback and now again ready to move up. Also RSI amd Moving averages are strong.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.