Birlasoft (India) Ltd - 25.03.2022 The stock is trading @ 465.90 levels The stock has made a DOUBLE TOP @ 486 levels The prices are above EMA There is a ENGULFING BEAR in Daily Charts There is a SHOOTING STAR in Weekly Charts There is a MACD Bearish Divergence in Daily Charts RSI is 53 in Weekly Charts (It will be risky for making a Short Position in this...
in this chart, I mark some levels to give you guidance on trading BSOFT
BSOFT is on very crucial level we can go long by keeping our STOPLOSS below 450. Taergets are mentioned in chart itself.
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...
BSOFT ready to rocket : Breakout candle with volume, backed up by good fundamentals & institution positioning
BIRLASOFT 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...