Birlasoft
BIRLASOFT--> Ready to flyThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
BirlaSoft ShortCurrently it is trading at 394 and is expected to come till 311, after that it shall continue its bullish growth
BirlasoftThe stock is forming a triangle pattern...breakout expected in near future. See chart for target.
BirlasoftBirlasoft:
330-360 good level for enrty
lets see where this rescent contraction pattern takes the price.
Birlasoft - ShortBirlasoft - Short
Profit booking zone
Falling and moving towards the sideways market zone.
Invest & Trade Wisely! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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Birla Soft - Ashish Kacholia Portfolio stock.Hie, In this portfolio specific series, we talk about some stock which top Indian investors hold.
In limelight today we have Ashish Kacholia. He specializes in finding the best midcap and smallcap stocks which have given him multi-bagger returns. Kacholia is invested in over twenty-four stocks and has a varied portfolio that includes hospitality, education, infra, and manufacturing. Holding% - 1.8%
Birlasoft Ltd. is a holding company, which engages in the provision of software development, information technology consulting, and product engineering solutions.
* The company has seen consistent profit growth in the last eight quarters.
* Company is almost debt-free.
* Company has been maintaining a healthy dividend payout
*Promoter decreasing their shareholding
For more, you can check the stock out on trendlyne.com/fundamentals/financials/1463/ VAIBHAVGBL /vaibhav-global-ltd/
Sources credit:
Trendlyne, Screener & Wikipedia.
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , in no way it is a buy-sell recommendation. Hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Birlasoft VCP breakout showing strengthBirlaSoft reacted strongly from its rising 200ma & went up to closed above 20 & 50 sma on Friday.
It forming a very inviting long tail candle. The volume though was marginally (@25%) higher wrt its 10day average.
On Monday, it gapped up strongly and now today's close seems to be sustaining well. Waiting to see how the coming weeks shape up.
Planned GTT entries triggered on Monday morning, but did not execute due to gap up. Min quantity entry taken at 298 levels.
80% of your returns come in 20% of the time“The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.”
― Peter Lynch, One Up On Wall Street.
Inverted H&S patternLevel and target well mentioned in the chart itself
Buy on sustained breakout above 280 for Target (320-325)
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
THANKS
Birla Soft - Cup and Handle Breakout Pattern- Fundamentally good stock
- Cup and Handle pattern breakout
- Entry can be made at 2500 if the stock shows bullishness with volumes
- Handle breakout supported by volumes
Birla Soft, Strong on charts. Birla Soft is very good and strong fundamentally.
On charts its looking ready for good moves.
But market sentiments are important.
Will initiate trade once resistance are broken with good volumes.
Keep watching.
R1=272
R2=284.
##Always do self analysis before you trade. Profit is yours and so is your loss. ##
Birla SoftDaily Chart Pattern
Breakout Candidate
Positive Volume Buildup
Can give good 10% - 20 % gain
PROS
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 20.53%
Debtor days have improved from 104.84 to 82.09 days.
CONS
The company has delivered a poor sales growth of 1.94% over past five years
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
BIRLASOFT || Uptrend Support + Support Zone || 10% move expected1. We started with Daily chart to find the bias (buy/sell) & we found it is an uptrend move with price at trendline.
2. We changed to 4H and 2H chart frame to check any king of buyer's entry or green candle forming. (Able to spot 2 green candles)
3. We changed back to Hourly and later 30 Min chart to mark the key zones in short-term basis.
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The company is fundamentally strong and hence a long position will be a good side.
Even though I feel that the trend line will break but the charts are showing me a different picture. Hence one should always trade what they see and not what they feel.
No matter if this trade will be a positive or not , I promise to keep my loss small & profit trailing or running till the time I can.
Thanks! Don't forget to hit that like button and comment your doubts.
Swing Trade: triangle breakout done ready for range bo above 220will buy above 203 though it will be safe above 220.
but here Sl will be small which is 192 DCB
Target 220 and if crosses than 245, 255
BIRLASOFTbirlasoft are very bullish because break 199 level & sustain above 199
with stoploss 191
target-220
MACD & RSI are also positive
BIRLA SOFT BREAKOUT, TRADING NEAR ITS ALL TIME HIGH, SWING LONGBirla soft broke its narrow range (by making symmetric triangle) and its long term (2 yrs) resistance (174) in previous day session with good volume, this is its second attempt to break this level. Its a good and safe buy above 188 if sustained for new highs WSL 175.
If retraces back to 176-174 and makes a good bullish candle then its the best scenario to buy this counter.
