Cup & Handle Pattern | BSOFT⭕️ 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
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Bsoftbuy
BIRLA SOFT - SWING TRADE ON LONG SIDESymbol - 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!
BSOFT Daily Chart suggest Buy ... Correction getting overBSOFT Daily Chart suggest Buy ... Correction getting over New Rally about to start on breakout above 352
LTP - 344
SL - 335
Targets - 380+
Timeframe 30 days
BSOFT Hourly Looking Ready for Upmove of 10%BSOFT Hourly Charts shows correction /Consolidation is about to complete & New Leg of upmove to begin soon
LTP - 334
SL - 325
Targets - 375+
Time frame - 3-4 Weeks
Risk Reward Ration is 1:4
Birla Soft Hourly chart breaking out from flag PatternBSoft breaking from hourly Flag Pattern can give 10% upside in 15-20 days.
SL can be at 300 ... Target 335+ LTP 308.5
BSOFT Projection based on ElliotWaves Theory - MultibaggerBirla 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 Invested for Handsome ROI.
Happy Investing to My Friends & Followers. I will Publish Video Explaining same on my Youtube channel on coming Saturday.
