BSOFT trade ideas
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%.
birlasoftprice has made inverted head and shoulder pattern..previous fall is supporting the pattern..if the breakout of the neckline susutains then good upmove towards next resistance will be sure..for learners good to observe
BSOFT head and shoulder patternThis is only education purpose do your analysis before invest.
I'm not SEBI adviser.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalBirla Soft
On daily Chart Inverted Head & Shoulder formation
With Resistance Zone near 481-487 levels
Buy above 487 levels for positional targets of 510-535-550-570
Keep Mid term view
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Inverted head and shoulder developmentThe stock is forming an inverted head and shoulder pattern and can give a breakout above 487 level. Buy positionally on closing basis for targets of 513, 537 and 570.
Learn & Earn,
Dr. Tanya Kumar
Birla soft ...formed inverse head and shoulders multiple timesBirla soft ...formed inverse head and shoulders multiple times looking very very strong..
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.
Birlasoft (India) Ltd - 25.03.2022Birlasoft (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 stock)
One can initiate a SELL Position below 455 with Support @ 471
Watch out for the price action
Bsoft breakout from inverse head and sholderBirla soft given breakout from inverse h&s pattern...
bias bullish.. buy on dip
targets 520+++
views are educational...
BIRLASOFT breakoutBIRLASOFT breakout, good for short term.
shall Buy above 483,
Target1---> 508
target 2---> 579
Head and shoulder pattern breakout in BSOFT In today's trading session Head and shoulder breakout in BSOFT. According to this pattern expected target is 560+ in 1D timeframe.
Inverted Head and Shoulder FormationWait for a resistance breakout. For Positional Trade, safe entry will be above 480-485.
Targets are mentioned in the charts.
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
resistance becomes support and nw what next ..........BSOFTBSOFT at a crucial juncture on the flip level ............................
Continuously uptrend |Retrenched to fib & support| Option DataThe stock is in continuously uptrend and given multiple breakout, recently corrected and retrenchment golden level.
The bullish engulfing candle created from support & fib level and partial confirmed from volume surge.
Idea : Go long above mentioned level in week chart with stop loss at support level and target of 30%.
Short only if support broken, target and stop loss as per price action & pivot point.
Option Data : Max Put writer at Strike 400
Max Call writing at price range of 440-450
The option data suggesting that price range between 400-450, above 450 definitely will initiate short covering and will be an entry point.
The above chart based on 2 hourly time, the price broke the trendline and retested level with bullish candle.
BSOFT LongLooks good for a move up , levels plotted on chart
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
Birla Soft Bottom out long idea.Birla soft is giving sign to bottom out near 200 Ema , trend line also give support. Can long it for upside target 472 in 2-5 days and target 550 in 3-6 month view.
