BSOFT target 560Date: 21 March 2022
BSOFT is in the process of making an Inverse Head and Shoulder.
Target and SL is given in the chart
BSOFT
Expecting to Witness a Bullish Momentum in BSOFT As per the 2 Hour Chart of BIRLASOFT LIMITED, we have witnessed a Formation of a “Hammer” on the downside.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 510.05, 516.60, and 530.10. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 496.20, on closing basis.
Closing Price (as on 20.01.22) : 502.25
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BSOFT stocks for intraday Reversal likely to happenBSOFT stocks for intraday Reversal likely to happen as it has hit the 5day VCPR
BSOFT Bullish trendBirla Soft looks bullish in short and medium term.
If BSOFT closes below 550 on daily basis then bearish. Otherwise will be bullish.
Note: This is for educational purpose only, please take call accordingly
BSOFT ready to rocket : Flag BreakBSOFT ready to rocket : Breakout candle with volume, backed up by good fundamentals & institution positioning
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.
BSOFT - 1 D good move expectedBSOFT 1 D time frame - Good move is expected in this IT stock.
Can go for short term if a good candle settle above the marked zone.
Previously it was consolidating in tight range.
NOTE-
We are not SEBI registered.
This is only for educational purpose.
Please consult your advisor before making any trade or investment.
NSE:BSOFT BO TradeNSE:BSOFT
#BSOFT trading bullish and BO the TL.
High chances to give positive momentum !!
BSOFT: IN CHANNEL SINCE 4 MONTHSNSE:BSOFT
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
BSOFTNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
BIRLA SOFTAscending triangle:
The expected breakout is upper side.
can go long after the breakout on closing basis.
if the breakout happens vice versa,
can go short below 398.
Birlasoft Pole & Flag Pattern formedIn Daily TF we can see a Pole & Flag pattern formed. One can take a long position as it is at the bottom of the flag for the immediate target of 442.
The views are personal and for educational purpose only. Please check and do your own analysis before taking the trade.
BIRLA SOFT BREAKOUTBSOFT trendline breakout with good volume. stoploss and targets are marked on the chart, refer the same.
BIRLA SOFT_ High Risk RewardNSE:BSOFT
its an small cap stk. but in strong uptrend.
good High Risk Reward setup.
put SL- 390-392, and enjoy ride if not SL not hit.
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
BSOFTAll scripts posted here are only for study purpose do your analysis before taking any positions
BSOFT 200 % Strong BUllish Stock Trend AnalysisBSOFT:-1.
Flug pattern formed and price movementum
2. ready buying right time big fly price
