NSE: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:...
NSE:BSOFT with stronger trend reversal. if it gains +ve on the next opening day.
Target 1 = INR 97.50
Target 2 = INR 101.55
Stop Loss = INR 93.65
The analysis is based on the Fibonacci numbers, MACD and other technical indicators involved.
Disclaimer : The following information is for educational and informational purposes only and should not be...
Birlasoft has been trading in a parallel downtrend channel since May 2022. downtrend channel broke out on 1st December 2022.
I'm happy to say that our analysis, which was done on November 13, 2022, correctly predicted the end of the downtrend.
If we look at the weekly time frame, we can see that the "wave volume divergence" indicator has given a...
OUR ANALYSIS, WHICH WE DID ON NOVEMBER 23, WAS ACCURATE; AS WE EXPECTED, BSOFT MOVED UPWORD VERY SHARPLY AROUND 18% FROM DEMAND ZONES.
We now have another buying opportunity on Bsoft as a retest of the breakout after a month. again This trade will have a low risk and high reward.
Please like it if this analysis was helpful to you, follow me for such analysis...
HEY GUYS,
BIRLASOFT stock was following a pattern
i.e FALLING WEDGE PATTERN
now , this stock has crossed that pattern
and it is showing clear BULLISH SIGNS.
as you can see, a 12% increase in a single week and volume is also very high,
this shows that people are really interested in this stock.
Therefore, you can also trade in this stock and earn high...
Although the price of Birlasoft stock is clearly falling, it is currently trading near to its weekly and monthly support levels. The weekly and monthly support zones are where the stock is most likely to find solid support, and it is also where it is most likely to climb upward from. The fundamentals of the stock are also very strong and have released recently...
Birlasoft consolidating at tight range in box at support area or demand area with white marubozu candle close on Friday with huge upside potential so keep on radar this week.
If stock come again 272/265 for retest then consider
- Bullish Harmonic bat PATTERN
- Rsi divergence on daily time frame
- stock correct 50% from top
Also stock currently trade on support
- For swing target 10-13% sl 5%
Long term target 40/50% sl 20%
Hello Everyone,
Yesterday, I shared NIFTY IT chart which looked bearish and today, everyone had seen the fall. TCS has new 52 week low.
I am sharing one of the IT Stocks today as well which has bigger chances of falling down in the upcoming days.
"BIRLASOFT"
If you look at the daily timeframe of this stock, clearly you can see CUP&HANDLE Pattern.
Bearish...
NSE:PVR
1) TV18 Broadcast
For up side move breakout of 38.50 is needed otherwise downtrend will continue.
2) IDBI BANK
This is for a bit mid to long term positional trade if it gives sustainable breakout of this box.
It is making RSI bullish divergence on 1hr TF.
3) DELTA Corp
It is trading in Triangle pattern in 15min TF. Breakout on either...
Is a wedge pattern bullish?
Image result for wedge pattern
A falling wedge pattern is seen as a bullish signal as it reflects that a sliding price is starting to lose momentum, and that buyers are starting to move in to slow down the fall.
Birla Soft has done the ETA of 415 levels which is weekly demand zone, one can take long with position stoploss of 408
NOTE = Consult your financial advisor before any investment decision
