Beautiful breakout with Volume on Daily chart #BIRLASOFTThis pattern looks like copied from some technical books. :)
Can go long with current price with SL below the Red line (397)
BSOFT trade ideas
BSOFT Positional View !!BSOFT : cmp : 425.65
A darvas box Bo kind of pattern has been formed in daily chart.
Closed above previous high. RSI trending up.
Accumulation zone :420-427
Profit booking zone may be 444 - 456
Sl 419 Dclbs /According to ur risk apetite.
Positionally can move above 500+
SL 398 Dclbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Birlasoft, bullish flag breakout.After 4 months of consolidation in channel finally it broke the trendline, wait for the pull back and long after retest.
BULL FLAG PATTERN : BSOFTGreat Setup for Swing Trade and take Entry only after Bullish Candle form as it confirm that BUYERS are in control and Sellers who took position are got trapped which leads to short squeeze then it will make new higher High and Higher Lows
NSE:BSOFT BO TradeNSE:BSOFT
#BSOFT trading bullish and BO the TL.
High chances to give positive momentum !!
Bsoft longBsoft long
Rising wedge chart formation
Buy above-414
SL- 388
Target- 444, 465
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Great Trade setup in the Birla SoftThe stock looks promising for a nice rally. The Price, near All Time High but the RSI is still not on overbought region. Also MACD shows its a start of a big momentum move.
The 2 most probable case IMO
the price may retest 460.
the price will continue to go higher.
Either case, the CMP is a buy. In case of retest, it will give a better entry.
Will keep a close watch on this.
#Birlasoft consolidation breakout with volumeThis IT small cap near debt free stock has broken out from a long consolidation with huge volumes.
A low of candle below moving average can be positional stop loss on daily.
The momentum is bullish, trend is bullish with rising strength ,sector is bullish.Bollinger bands
expansion also shows the breakout.
Breakout trade. Swing trade setupStock was moving in sideways motion since last few months. Today the stock has given a good breakout. Can be added for a good swing trade.
BSOFTBSOFT Rectangle BO abv 450 Level to watch 507-585 View invalid below 410...Chart is for study purpose only.
Opportunity in BirlasoftProgressing flag and pole pattern in Birlasoft. Currently in consolidation zone.
Good opportunity at breakout.
bsoft levels to trade - seek for going long using the supportBirlasoft seems to take the upward movement, we will see some good moves coming in the script - use the support levels for going long.
BSOFT behavior and upcoming opportunitySee the behavior of BSOFT. It moves upside, consolidates for a good period of time and again moves upside once it breaks the resistance.
Buy above 445 with a SL of 30-50 points (SL will depend on the candle that will break the resistance)
Target : Hold it till it again starts consolidating (Trail the SL as well.)
Birlasoft Ltd ( EDUCATIONAL PURPOSE ONLY)Nothing guaranteed and Nothing over week
Invest or trade according to your loss bearing capacity
STOCK FOR EDUCATIONAL PURPOSE ONLY
Birlasoft Ltd. @ 442 with target of 455 CMP IS 437.
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR @ 410.
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis is for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
SHARE MARKET ANALYST
B.Sc. (MATHS & PHYSICS)
Trying to spread happiness and knowledge
Disclaimer: I AM NOT SEBI REGISTERED
Birlasoft - Time has come ???Birlasoft always consolidate
and given 30% moves in very less time
Now I feel consolidation is done.
Above 440 closing basis stock can go higher
Initial Targets : 550 - 600
Medium term
Channel Breakdown
Uptrend Channel seems to been breaking down
Negative RSI Divergence too indicating a fall
Support 380 levels
Consolidated range BO IdeaThs stock has been consolidating in same range for 5 months and once it breaks with volume we can expect a good 8-10 percent upmove. Keep on radar in coming days. Buy strictly above 458 on closing basis.
BSOFT: IN CHANNEL SINCE 4 MONTHSNSE:BSOFT
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
Perfect Setup - Where There is a Channel There is a TradeLong Standing and Well Respected Channel
Price May Retest the Support Zone
Double Levels of Confluence as stated above
Very Minimal Stop Loss
Great Risk To Reward Ratio
Wait For Level To Be Tested and Support Proven by either Candlestick Pattern or Strong Volume Candles.
A Perfect Setup That as a Trader One Should Look To Exploit !!!!
