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BSOFT

BIRLASOFT LIMITED is showing a bullish Technical setupBirlasoft Ltd. is showing a bullish technical setup with a double bottom pattern and RSI positive divergence on the weekly chart, suggesting a potential trend reversal from recent lows. Understanding the Setup: Double Bottom + RSI Divergence Birlasoft Ltd, currently trading around ₹376.60, has recently formed a double bottom pattern on its weekly chart—a classic bullish reversal signal. This pattern typically appears after a prolonged downtrend and consists of two distinct troughs at roughly the same price level, separated by a moderate peak. It reflects a shift in market sentiment from bearish to bullish. In Birlasoft’s case, the two bottoms were formed near the ₹330 zone, indicating strong support. The neckline resistance lies around ₹450, and a breakout above this level could confirm the pattern and trigger further upside. RSI Positive Divergence: Momentum Shift Adding strength to this setup is the Relative Strength Index (RSI) positive divergence. While the stock price made a lower low/equal low during the second bottom, the RSI made a higher low—signaling that bearish momentum is weakening. This divergence often precedes a price reversal and suggests that buyers are gradually regaining control. Educational Takeaway This setup is a textbook example of how combining price action with momentum indicators can enhance technical analysis: Double Bottom: Indicates potential reversal and strong support. RSI Divergence: Confirms weakening bearish momentum. Volume Confirmation: A breakout above ₹450 with rising volume would validate the pattern. Traders often wait for a breakout above the neckline with strong volume before entering long positions. Stop-losses are typically placed just below the second bottom to manage risk. Final Thoughts While the technicals suggest a bullish bias, it's crucial to monitor broader market conditions and company fundamentals. Birlasoft operates in the IT services sector, which is sensitive to global tech trends and client spending cycles. This live chart analysis offers a compelling case for a potential trend reversal, but disciplined execution and risk management remain key.
NSE:BSOFT
by NANARKAR
BSOFT rejecting trendline for bullish runBSOFT ready for another rally? RSI oversold at same trendline from where it has a rally of 230+ % from the same trendline. Points to note: 1. No divergence to support this rally so far except oversold process. 2. Fake breakout at trendline. 3. Close above this trendline and retest it as a support is most important factor here. Pure analysis for bullish and long term investment purpose, purely technical. Kindly check for fundamental analysis for investing purpose.
NSE:BSOFTLong
by AbsoluteAnalytics
BSOFT - Ichimoku Breakout📈 Stock Name - Birlasoft Ltd 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 750. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #BSOFT
NSE:BSOFTLong
by nikunjbhadja
2
BSoft-ATH breakout retest of an investment stockNiftyIT sector is looking very weak as we have seen a breakdown of support. BSoft is one smallcap IT stock which has big potential to grow in future. Currently, stock is retesting its previous ATH and once stock goes above 650, a good swing trade can be initiated only if NiftyIT turns bullish. If we see a fall in this stock and you are a long term investor, best price to accumulate this stock is between 490-520. Stock becomes extremely weak below 380.
NSE:BSOFTLong
by chartistamey
Bsoft (Looks Ready for 690, 720)Bsoft will be giving a range breakout tomorrow if it closes above 654. Also, it might cross 50 EMA and 200 SMA level (655). Closing above 654 tomorrow, we shall see 690 level initially, and then 720. Stop loss can be placed at the low of tomorrow's closing candle (Friday, 7th June). Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:BSOFTLong
by onkarsoundankar
2
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 - Long Setup, Move is ON..NSE:BSOFT ✅ #BSOFT trading above Resistance of 790 ✅ Next Resistance is at 974 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BSOFTLong
by Sandeep_Aggarwal
BSOFT - Long Setup, Move is ON..NSE:BSOFT ✅ #BSOFT trading above Resistance of 672 ✅ Next Resistance is at 790 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BSOFTLong
by Sandeep_Aggarwal
BSOFT - Ichimoku BreakoutStock Name - Birlasoft Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 544 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:BSOFTLong
by nikunjbhadja
BSOFT - Long Setup, Move is ON..NSE:BSOFT ✅ #BSOFT trading above Resistance of 498 ✅ Next Resistance is at 582 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BSOFT
by Sandeep_Aggarwal
2
BSOFT - Ichimoku BreakoutStock Name - Birlasoft Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 472 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:BSOFTLong
by nikunjbhadja
3