Birla Soft (Bullish)Birla Soft:
Industry: IT Consulting and Software
The stock is discounted at 17% from all time high levels.
Daily Chart:
1. Formation of Inverted Head and Shoulders Pattern
2. Positive Crossover of 5, 13 Days Exponential Moving Average
3.Target 1 would be Length of shoulder i.e 520 levels
4. Target 2 would be Length of Head i.e all time High levels i.e 580 levels
Addl Points:
1. FII/FPI have increased holdings from 17.38% to 17.39% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 18.74% to 18.30% in Dec 2021 qtr
Note:
The above analysis is just for educational purpose.
Birlasoft
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalBirla Soft
On daily Chart Inverted Head & Shoulder formation
With Resistance Zone near 481-487 levels
Buy above 487 levels for positional targets of 510-535-550-570
Keep Mid term view
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Birlasoft (India) Ltd - 25.03.2022Birlasoft (India) Ltd - 25.03.2022
The stock is trading @ 465.90 levels
The stock has made a DOUBLE TOP @ 486 levels
The prices are above EMA
There is a ENGULFING BEAR in Daily Charts
There is a SHOOTING STAR in Weekly Charts
There is a MACD Bearish Divergence in Daily Charts
RSI is 53 in Weekly Charts (It will be risky for making a Short Position in this stock)
One can initiate a SELL Position below 455 with Support @ 471
Watch out for the price action
Birlasoft shows Bullish Divergence on Daily Time FrameNSE:BSOFT
Birlasoft is showing bullish divergence on daily time frame. Go for Long from here.
Current Price: 469 rs
Good Entry Point: If close above 462 rs
Target: 505 rs (1st) - 570 rs (2nd)
Stop Loss: 438 rs
Probability: Positive for Long position
Risk Reward Ratio: 1:4
Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment.
Happy Investing..
📊 Birla Soft Resistance levels 🎯NSE:BSOFT
if find perfect reversal then only short for swing.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
BIRLASOFT (BSOFT): Simple Technical Analysis on weekly chartBIRLASOFT emerged out of 22 weeks of consolidation. The stock has consistently remained above weekly 30 ema. This ensures the stock is strong. When the stock breaches the 30 weekly EMA, then we need to be cautious.
Currently, RSI around 70 and in upward trajectory denotes positive momentum
Also, important point to note: RSI has very rarely breached 60 with strength, and when it did it has quickly recovered and continued in its upward journey.
Target of 550 in the short to medium term.
Birla Soft can be bought at 510 with SL of 490Birla soft at earlier high can be bought at 510 with SL at 490 i.e. earlier resistance.
I am looking for 550 as initial targets.
BSOFT - 1 D good move expectedBSOFT 1 D time frame - Good move is expected in this IT stock.
Can go for short term if a good candle settle above the marked zone.
Previously it was consolidating in tight range.
NOTE-
We are not SEBI registered.
This is only for educational purpose.
Please consult your advisor before making any trade or investment.
#Birlasoft consolidation breakout with volumeThis IT small cap near debt free stock has broken out from a long consolidation with huge volumes.
A low of candle below moving average can be positional stop loss on daily.
The momentum is bullish, trend is bullish with rising strength ,sector is bullish.Bollinger bands
expansion also shows the breakout.