Birlasoft Ltd : Ready for a BreakoutBirlasoft Ltd is a company engaged in computer programming, consultancy, and related activities. It provides software development and IT consulting services.
Pro:
Almost debt-free
Good profit growth of 18.2% CAGR over the last 5 years
Healthy dividend payout of 28.3%
Technical Analysis: \
The stock is forming a Descending triangle pattern , indicating a potential breakout.
Volume is also building up from the last swing low.
Expecting a good profit for the upcoming quarters
Stop Loss of 25 points with a target of 350 ++ points.
One can consider this stock for a shorter period with a target of 600 to 605.