BirlasoftThis stock best for swing trade
I have also mentioned entry and stop loss
Be care full dont change stoploss in downside
Stoploss<target
Birlasoftbullish
BSOFT Buy opportunity Intrady or Possible Swing Trade 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.
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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.
