Birla soft looking bullish CMP=260, Target =340... Both Fundamental and Technical are looking very attractive for this stock.
BSOFT trade ideas
Watch out for Inverse Head & Shoulder Breakout (Don't Miss)Birlasoft is involved in the business activities of Writing , modifying, testing of computer program to meet the needs of a particular client excluding web-page designing.
The Stock has formed has an Inverse Head & Shoulder Pattern on the chart and is ready for breakout.
The Company is fundamentally very sound. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycle. The Company has posted excellent results for the last quarter of FY 21. EPS increased by 30% YoY and Sales increased by 12% YoY.
Can be added at current levels. For Targets and SL refer chart.
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Head and shoulder pattern breakoutits inverse head and shoulder patter breakout
And the volumes also looking good
Let it retrace till 280-285 zone then make buying position so u r stoploss will be small
The target will be same as length of head ....witch is around 330 - 340 level
Inverted H&S patternLevel and target well mentioned in the chart itself
Buy on sustained breakout above 280 for Target (320-325)
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
THANKS
Watchout for Resistance breakoutThe stock looks good for 8-10 percent upmove above 277 (safer above 285)
tight baseTight bases give you lot of opportunities to pyramid all along the way up. It helps you to take less risk initially, while going forward if stock performs you can add.
all the positions i bought are marked, due to my position sizing it gave me a monstrous return with lesser risk
VcpBuy above 280 + rsi divergence in smaller tike frame
Symmetric triangle
Use trailing stoploss - 20 ma
VCPany ideal vcp should look like this,. ill be waiting for one more consolidation to happen to buy this
Bsoft is at Crucial resistance1) Trend is strong bullish
2) earlier we have sawn a cup and handle pattern worked well
3) resistance is crucial as tested 5 times
After a confirmed breakout we can witness a sharp up move again
Birlasoft- Diamond Pattern- Go LongBirlasoft has given breakout of a rare Pattern- Diamond Pattern on weekly chart.
Seems to achieve targets of 300-320 in short team.
SL- 240
Disclaimer: This Chart is purely to study Price Action and for education. I strictly recommend you to contact your financial advisor and do your own Research before initiating any trade.
Birla Soft, Strong on charts. Birla Soft is very good and strong fundamentally.
On charts its looking ready for good moves.
But market sentiments are important.
Will initiate trade once resistance are broken with good volumes.
Keep watching.
R1=272
R2=284.
##Always do self analysis before you trade. Profit is yours and so is your loss. ##
Birla SoftDaily Chart Pattern
Breakout Candidate
Positive Volume Buildup
Can give good 10% - 20 % gain
PROS
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 20.53%
Debtor days have improved from 104.84 to 82.09 days.
CONS
The company has delivered a poor sales growth of 1.94% over past five years
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
# 5 Positional trade Logic
1) Rounding bottomformation
2) Key resistance breakout
3) Flag formation ( in small time frame)
4) Consolidation breakout
Entry should be at brakout
Sl should be at lower range of consolidation
