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Birlasoftbullish

BirlaSoft : Giving another Multibagger Opportunity of ~145% ?Hi Friends, BirlaSoft a looking very good in terms of chart formation at this junture. Though The fundamentals are yet to reflect. It usually corrects by 55-75% from the top. This time it has corrected by 60% almost . Now the Target comes out to be around ~600 level (~145%) from the current levels . How Target was calculated : ---------------------------------- yellow parallel lines are for channel which is respected by the stock . The same lower yellow channel line should be treated as stoploss (5-8% below the lower Yellow channel line must be stoploss). Target is Upper yellow line of the channel. Please feel free to share your thoughts & ask if any query related to any analysis done by me . Note : I am not a SEBI registered advisor . Please consider my analysis only for Education purpose .
NSE:BSOFTLong
by yadkr11
7
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. Please like it if this analysis was helpful to you, follow me for such analysis and share your thoughts in the comment section below. Thank you.
NSE:BSOFTLong
by AfnanTAjuddin
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.
NSE:BSOFTLong
by TheUnlearningOne
4