BSOFT trade ideas
BSOFT200 Level is good resistance for the stock from it has been rejected 3 time before. Now it seems stock may broke out 200 level very soon. A small position can be added near 194 level and further it can be added above 200. SL can be kept at 182 level.
A shakeout of weak holders is expected.
Birlasoft looking strong - more upside above 205Birlasoft will be making 3rd attempt to go above 205, if it crosses - can go much higher..
Bsoft Technial + fundamental strong scriptcompany posting good results QOQ ,YOY basis , having good business module , recently signed deal with Microsoft . Currently price is in consolidation . one can go long above 187.50 on daily closing basis for target of 193 , 199 ,205+ with stop loss of 182 on closing basis
Bsoft will break 188 is the key.Price after the sharp fall taking support from the trend line and trying to break up. if price closes strong above 188 then we can expect up move.
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BIRLASOFT Birlasoft looking strong , Monthly, Weekly & Daily RSI closed above 60.
buy above 170 , stop loss is 154.
BIRLA SOFT BREAKOUT, TRADING NEAR ITS ALL TIME HIGH, SWING LONGBirla soft broke its narrow range (by making symmetric triangle) and its long term (2 yrs) resistance (174) in previous day session with good volume, this is its second attempt to break this level. Its a good and safe buy above 188 if sustained for new highs WSL 175.
If retraces back to 176-174 and makes a good bullish candle then its the best scenario to buy this counter.
Pullback-- BSOFTThis stock never fails me. I took a trade earlier but new 52 week high came as a surprise and even now there is clear bullishness seen. Look at the three red candles volumes, investors are still interested in the stock. Stock has already moving new higher this gives us positive hope. Still 2 more days to close this week candle but the volume is greater than last 3 weeks high volume.
For non risky traders, can wait till the weekly close to see the level changes. If the same moment continues, can expect huge change.
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BirlasoftMoving towards lifetime high which is multiple tops. Stock is at the cusp of hitting the high and there would be no stopping. Good one to buy and stay invested.
Long at 177.30Nice breakout around ath region.
consolidation and break on lower tf.
price sustained above key level.
#fridaylash
Major Resistance Breakout - Birla SoftwareMajor Resistance Breakout seen in BSOFT with high volume.
Buy only if the high of the breakout candle is broken.
Target a 1:1 ratio first. Then, if you want, you can keep 25% of your position for 1:1.5 target.
Buy levels: 181-183
Stop Loss: 149.3
First Target: 212
Second Target: 227
Buying opportunity in Birla soft. 16% target..!!
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets short of CHIPS...!!
One Right Trade's Swing Trade Idea #50 : Buy on BSOFTPlease do like and share the idea in case you find it good and follow it for further updates on it. for benefit of everyone. Also, please comment if you have any feedback. This idea by onerighttrade team is only for study purpose and is not a trading call.
Birlasoft made BARR pattern in 15 min waiting for true Breakout.Chart Structure Show Bump and run reversal pattern ,but false breakdown was happened in last Friday 24 th july and Slight formation of inverted Head and Shoulder Pattern.We should waiting true breakout which is above 105.25 on Monday for better entry of safe target 108.
