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.
Trendline is broken and retracement is also completed.
smallcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
.
.
.
. more than that " BSOFT "is fundamentally good
.
.
.refer our old idea attached below
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...
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
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 472
#This is not Buy and Sell recommendation to any one. This is for education purpose...
The price moved back inside the downtrend channel despite the bulls' best efforts to break it, due to selling pressure. The price was then successfully pushed out of the channel by the bulls again, and it is currently trading close to a strong supply area.
Bull movement could occur if supply zone is breached. BSOFT may move sideways or downward if this zone is...
Birla Soft Projection based on Elliot Waves theory comes to 1500+ in Next 2 years.
Based on EW theory we have seen Wave 1-2-3-4 Completion. Wave 3 was very Impulsive where stock has given > 11x times ROI in 23 Months.
Now that Wave 4th is Completed we can see start of Wave 5 with Targets coming 6x-7x time LTP.
It can be a Multibagger for coming 2-3 Years. So Be...
NSE:BSOFT with stronger trend reversal. if it gains +ve on the next opening day.
Target 1 = INR 97.50
Target 2 = INR 101.55
Stop Loss = INR 93.65
The analysis is based on the Fibonacci numbers, MACD and other technical indicators involved.
Disclaimer : The following information is for educational and informational purposes only and should not be...
Birlasoft has been trading in a parallel downtrend channel since May 2022. downtrend channel broke out on 1st December 2022.
I'm happy to say that our analysis, which was done on November 13, 2022, correctly predicted the end of the downtrend.
If we look at the weekly time frame, we can see that the "wave volume divergence" indicator has given a...
Trendline is broken and retracement is also completed.
smallcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
.
.
.
. more than that " BSOFT "is fundamentally good
.
.
.refer our old idea attached below
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...
