BIRLASOFT Ltd "Udega Trade" || 4 Hour Time Frame || 1:3 RR SetupI am already long but the trade can be risky at market levels. Keep strict SL if taking a trade! Any comments feel free to comment.
BSOFT trade ideas
BIRLASOFTIn Daily TF we can see a parallel channel and in 1 hour TF it is forming a triangle pattern.
We can enter after Triangle pattern for 4-5% returns
#Birlasoft - Channel Pattern - Upmove possible at least 10% At support level and holding it strongly. Expecting up move till ~ 450.
Stop Loss at 395 on closing basis
Intraday opportunitycan give a decent profit margin and RRR. Happy Trading !!!!! Better to buy @ 428.50
Short Term Swing Trade IdeaNear Resistance With good Volume Entering...One can add in his or her watching.... Fundamentals are strong
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435 CAN BE A GOOD LEVEL FRO BUYING Market Cap
₹ 12,350 Cr.
Current Price
₹ 445
High / Low
₹ 458 / 172
Stock P/E
32.7
Book Value
₹ 78.5
Dividend Yield
0.79 %
ROCE
21.5 %
ROE
15.8 %
Face Value
₹ 2.00
Flag & Pole Pattern | BIRLASOFTBSOFT was in a strong uptrend followed by consolidation in a channel pattern. Once it breaks out of the flag it can continue moving in upward direction.
Buy above 450 ( Day closing Basis )
POSITIONAL #KASH_STOCKBSOFT: (BIRLA SOFT) The stock has shown a breakout of ascending channel pattern. If it manages to sustain above 438 level then we can see a good move in the stock.
We can expect 475 & 500+ levels in the coming weeks/months.
Trade is active only if it manages to hold above 438. Please do your own study before any trade.
Birla Soft: Ascending TriangleAscending triangle formation with good consolidation. Buy at CMP
Target 441, 468, 511
SL 375
Fundamental News: Birlasoft Announces a Global, Strategic Partnership with Freshworks Inc
Birla Soft - Flag & Pole PatternBirla Soft - Flag & Pole Pattern on Weekly Time Frame
Wait for the Breakout
Volumes are decreasing
RSI ~70
CMP: 439.90
Buy Till 400.
SL: 380 (CB)
Once breakout of Flag & pole pattern is confirmed on charts
T1: 480
T2: 520
BIRLA SOFTAscending triangle:
The expected breakout is upper side.
can go long after the breakout on closing basis.
if the breakout happens vice versa,
can go short below 398.
Expecting a channel breakout in BirlaSoft Enter after tend line breakout...Expecting 11% upside move.
Birla Soft Trading in a Small ChannelNSE:BSOFT
Birla Soft Trading in a Small Channel. Breakout above 440 Level.
Otherwise will retrace back to 400.
Disclaimer : Its not a Recommendation
Birlasoft Pole & Flag Pattern formedIn Daily TF we can see a Pole & Flag pattern formed. One can take a long position as it is at the bottom of the flag for the immediate target of 442.
The views are personal and for educational purpose only. Please check and do your own analysis before taking the trade.
Buy Birlasoft for target of 480 with sl of 402Buy Birlasoft for target of 480 with sl of 402. Expecting good breakout weekly data brake of flag.
