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BSOFT

"BSOFT" Trending UP 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 construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume . However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal.{/i]
NSE:BSOFTLong
by finogent
Bsoft -Breakout of triangle pattern - either upside or downsideBirlasoft 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 hidden bullish divergence signal, and if we look at the daily time frame, we can see that selling volume is decreasing. Birlasoft has formed a triangle pattern and the stock is currently trading at a very strong zone. If the triangle pattern breaks to the upside, a bull rally may occur. If it breaks to the downside, we could see a down move, but the likelihood of down move is very low. 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
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
Is buyer getting control around the support zone? - BSOFTAlthough the price of Birlasoft stock is clearly falling, it is currently trading near to its weekly and monthly support levels. The weekly and monthly support zones are where the stock is most likely to find solid support, and it is also where it is most likely to climb upward from. The fundamentals of the stock are also very strong and have released recently good results. 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
2
BIRLASOFT BIRLASOFT:- it is currently trading near to its weekly and monthly support levels. if break the resistance go for long.... the stock are also very strong and have released recently good results... Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:BSOFTLong
by AjayDhakad_Keep_it_simple
2
Birla Soft - Possible Breakout scenarioKey highlights: ⚡️ Market structure may soon shift. ⚡️ Wyckoff accumulation schematic but not a clean one. ⚡️ Volume expansion in the last few days. ⚡️ Attempting to push towards the range high. ⚡️ If it manages to sustain above 355, expect it to move towards 400. Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
NSE:BSOFTLong
by johntradingwick
BSOFT is 45% below its all time high - Buy Low Sell HighAccording to Mr. Peter Lynch's strategy , when a stock is trading below its recent / all time high but is producing its highest ever income, that its a good place to buy low, and then sell high. NSE:BSOFT is a small cap scrip trading at Rs.318.3 which is 45% below its all time high Rs.585.85. Revenue is growing, income is growing, dept to asset ratio is less, PE ratio less than sector's, so fundamentally & financially strong. Price fall might be because FIIs are booking profit in this scrip, from Jan 2022. Which is affecting all IT stocks, especially small caps. Since NSE:NIFTYSMLCAP50 index need 23% rally to meet its all time high, there is a high possibility of these strong small caps to rally too. So it would be a better entry price to hold till this rally. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:BSOFT
by samplespaz
Descending Triangle PatternDescending Triangle Pattern: Descending triangles have a falling upper trendline as a result of distribution and are always considered bearish signals. Target:-Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern. In general, the price target for the chart pattern is equal to the entry price minus the vertical height between the two trend lines at the time of the breakdown. CMP 406 T1/2/3 340/280/210 SL-425 Breakout AT 395 Below
NSE:BSOFTShort
by sumangalroofings
2
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
BSOFT breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a consolidation since February 2022, NSE:BSOFT has given a break out today. It is a buy with a stop just below Rs.465. Other fundamentals: 1. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals. 2. There has been an acceleration in Birlasoft’s participation in large deals, from the signing of multiple transformational projects, including a multi-services deal worth US$ 242 M TCV, with US-based healthcare major Invacare Inc. The Invacare deal is the largest deal in Birlasoft’s history. 3. In FY19, Birlasoft Ltd merged and amalgamated with KPIT Technologies Limited. The merger brought together with skill sets from both businesses. Birlasoft Ltd had strengths primarily in the non-ERP Digital businesses like CRM, BI & Data Analytics, and Application Development, while KPIT IT Services possessed core strengths on the Enterprise Software Solutions like Oracle, JD Edwards, SAP, Infor, etc and capabilities in Digital Transformation services. Birlasoft has created a niche in the mid-tier IT services companies following the merger with KPIT. 4. With successful integration with KPIT Technologies Limited in FY20, FY21 was the second year of operations, wherein the company witnessed stabilization and growth post restructuring. During FY21, the company sharpened its focus to build key business verticals through a micro-vertical strategy, made investments on major business partnerships to expand capabilities and increased focus on its top customers for effective client mining, thereby leading to improved deal wins and increased revenue per account. Going forward, with continued focus on such strategic initiatives are expected to yield sustained growth in operations and profitability for the company. 5. Company is almost debt free. 6. Company has been maintaining a healthy dividend payout of 24.62%. 7. Debtor days have improved from 79.00 to 53.20 days. 8. Debt to equity at 0.05 (less than 1 is good), Interest Coverage at 48.1 (greater than 3 is good), Current ratio at 3.60 (greater than 1.5 is good), FCF to CFO at 64.2%.
NSE:BSOFTLong
by akashbothra
YR 2022 Idea #14: Long on BSOFT This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:BSOFTLong
by onerighttrade
2