Ascending triangle formation with good consolidation. Buy at CMP
Target 441, 468, 511
SL 375
Fundamental News: Birlasoft Announces a Global, Strategic Partnership with Freshworks Inc
Birla Soft - Flag & Pole Pattern on Weekly Time Frame
Wait for the Breakout
Volumes are decreasing
RSI ~70
CMP: 439.90
Buy Till 400.
SL: 380 (CB)
Once breakout of Flag & pole pattern is confirmed on charts
T1: 480
T2: 520
In Daily TF we can see a Pole & Flag pattern formed. One can take a long position as it is at the bottom of the flag for the immediate target of 442.
The views are personal and for educational purpose only. Please check and do your own analysis before taking the trade.
#birlasoft testing lot of patience... waiting for its movement... very good setup in daily and hourly with lowest risk... there should be a movement in a day or two... planning to swing initially and if it breaks out then add up to the position
The 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 - 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...
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BirlaSoft 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...
“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.
Level 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
