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Birlasoftpriceaction

BSOFT - TREND CHANGED ?Symbol - BSOFT Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals. This stock has given great returns to investors as well as traders in last 1 year. This stock was buy on dips since May 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise as there exists clear Head & Shoulders pattern on larger time frame. I have made short positions in futures already around 690 level & will find opportunity to sell it on each rise until it breaks 730-735 levels which is H&S neckline. So, My SL is placed above 735. Targets I'm expecting on downside will be 575 - 560 - 535. P.S. : Swap markets are now pricing in just one Fed rate cut in 2024. The Fed will keep the rate unchanged at its May 1 meeting. Powell is expected to tighten rhetoric and signal that there will be fewer rate cuts this year than previously expected. If this happens, This will result in strong profit booking in IT stocks specially mid and small caps. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BSOFTShort
by akshit_official
2
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
Simple Trade Setup | BIRLA SOFT | 11-04-2022 [INTRADAY]NSE:BSOFT Observations: 1) On 1day time frame, we can see 480 as immediate support and also see a support channel. As far as it is sustaining above this, it has potential to give up move. Immediate major resistance is at 500. Breakout of it will lead a good up move. Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for 11-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Also note some of levels such as bonus and ultimate levels are far from current price, this can be achieved in coming days if not achieved in intraday big moves. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BSOFT
by Trading_hawk
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
NSE:BSOFTShort
by PrashantBhiwaniwala
4
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