⭕️ Swing Trading opportunity ! Hourly Analysis Alert !!!⭕️
✍️Technical Reasons to trade or Strategy applied :-
✅ Rally Base Rally Demand Zone
✅Strong Chart Pattern
✅Parallel Channel worked as Support And Tgt
✅Breakout confirmation
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Symbol - BSOFT
BSOFT is currently trading at 565
I'm seeing a trading opportunity on buy side.
Buying BSOFT Futures at 565
Holding with SL of 545
Targets I'm expecting are 590 - 618 - 650
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!
📈 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....
BSOFT and other IT stocks are reversing for a new high. Made this chart yesterday when price was near 600. Expecting target of 800-900 in coming months. Some mid term targets are marked on the trendlines.
NOTE: I'm not a SEBI REG. Study before investing.
NiftyIT 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...
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...
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...
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...
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....
holding Bsoft ve bat harmonic pattern in weekly time frame and re tested the trendline
so it should buy 30 % @ 270-67 (200 EMA)rest 70 % should add @ 200 SMA closing sl below 215 below Target will 384-503-585+++
we will book 50 % qty if get 330
Price is at long term support (previous resistance turned into support), making a double bottom on weekly charts with RSI showing +ve divergence and a falling wedge pattern at 61.8% retracement levels from Covid low to ATH. Keep this setup in watchlist, Risk to Reward are in favour of longs here.
With the completion of ABCD pattern, Bsoft is entering a sell zone below 539.
So selling below 539
Stop loss above 557
Targets are 525, 518.50
On successful breakout of T2 518.50, next levels I'm looking are 507 and 493 but these will be executed with shifting the SL down as the price moves downside.
Stock 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...
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...
