BSOFT trade ideas
Mid day Live Analysis I have explained the Next possible patterns it can unfold , also Keep trailing the stop in case you are long in it
Good luck
short term traders focus : BSOFTNSE:BSOFT
Let see the price action = stock is in strong support zone, in weekly hammer candle formed
over all value entry in this stock CMP = 289.70
only for short term trader focus .
tell your opinion in comment
fix your stop loss as per your R:R
as per me my stop loss is 270.
BSOFT Reversed from its Channel BottomIn 1 Day Time Frame, Bsoft formed the Channel Pattern
To reach the top of the channel, It would yield 12% in upcoming days.
BSOFTOn smaller time frame trend is positive..
Breaks consolidation area...
RR- 1:5+
If market supports then target of 480 to 500 can be achievable..
Thank you
For learning purpose only..
Birla Soft - Possible Breakout scenarioKey highlights:
⚡️ Market structure may soon shift.
⚡️ Wyckoff accumulation schematic but not a clean one.
⚡️ Volume expansion in the last few days.
⚡️ Attempting to push towards the range high.
⚡️ If it manages to sustain above 355, expect it to move towards 400.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
BSOFT is ready for up move Keep eyes on this. It can boom anytime as it has spent a long time at the 0.5 level of the fib. The trend line also got barked out.
value entry in BSOFTNSE:BSOFT
Let see the price action = trend line forming , overall bullish only . in lower time frame inverted H&S formed.
risky trader entry at CMP
and fix stop loss = 350
swing trader buy after the trendline breakout. fix your stop loss as per your R:R
tell your opinion in comment
BSOFT is 45% below its all time high - Buy Low Sell HighAccording to Mr. Peter Lynch's strategy , when a stock is trading below its recent / all time high but is producing its highest ever income, that its a good place to buy low, and then sell high.
NSE:BSOFT is a small cap scrip trading at Rs.318.3 which is 45% below its all time high Rs.585.85.
Revenue is growing, income is growing, dept to asset ratio is less, PE ratio less than sector's, so fundamentally & financially strong.
Price fall might be because FIIs are booking profit in this scrip, from Jan 2022. Which is affecting all IT stocks, especially small caps.
Since NSE:NIFTYSMLCAP50 index need 23% rally to meet its all time high, there is a high possibility of these strong small caps to rally too. So it would be a better entry price to hold till this rally.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
BSOFT Multiple bearish patternsAs seen on 1hr TF chart.
Price breaking neckline of H&S as well as inverse C&H
Short entry upto 332. SL above 337
Targets as per chart.
BSOFT Triangle !!NSE:BSOFT
#NSE:BSOFT symmentrical triangle ready to BO.
Marked on chart.
Do check my signature column for my details.
Fundamentally strongIs in consolidation mode it is over now ready to fly ATH and more
Buy at 410 sl below 380 cb
Target 1 440
Target 2 460
Target 3 480++++
long term investment; min 70% return; head and shoulderlong term investment; min 70% return
huge potential is there.
investment ;
entry 355
target 580
Trendline Breakout buy above 339 T-371Trendline breakout. For Positional Trade, safe entry will be above 339
Easy Target - 371{2week}
second Target - 395{1 month}
Final Taregt - 431
Targets are mentioned in the charts
Happy trading...///////
BIRLA SOFT- SHORTBIRLA SOFT is trading below its 89 high low magic band with rsi ranging below 40 and RS to nifty is also going down negative below 0 on weekly chart. As long as it doesn't start trading above its magic band which is above 372 level its a shorting opportunity in the above mentioned IT stock. Do watch out.
BIRLASOFT SHORT POSITIONHello Everyone,
Yesterday, I shared NIFTY IT chart which looked bearish and today, everyone had seen the fall. TCS has new 52 week low.
I am sharing one of the IT Stocks today as well which has bigger chances of falling down in the upcoming days.
"BIRLASOFT"
If you look at the daily timeframe of this stock, clearly you can see CUP&HANDLE Pattern.
Bearish move has already been started.
Next support is at 305.15. If stock breaks this level, then we will see more downfall of BIRLASOFT.
Targets are marked on the charts. Please check and let me know if you have any view on this.
Thanks!
BIRLASOFT DAILY CHART LOOKS STRONG Birlasoft looking strong on daily chart breaking falling resistance trendline and giving positive signals on relative strength indicator (RSI)
:-Cause of long
1- Falling trend breakout
2- Positive divergence on Rsi
#KASH POSITIONAL STOCKBirtlasoft has given a breakout of descending channel patterns.
Please do your own study before any trade. My view may be wrong at any point in time.
BSOFT | Simple Supply & Demand + INHS pattern - Potential 15%BSOFT | Simple Supply & Demand + INHS pattern - Potential 15%
CMP : 486
SL : 460
Target : 560
1:3 risk reward setup
Wedge bearkout in birlasoft .. Strong BuyIs a wedge pattern bullish?
Image result for wedge pattern
A falling wedge pattern is seen as a bullish signal as it reflects that a sliding price is starting to lose momentum, and that buyers are starting to move in to slow down the fall.
BSOFT BSOFT - Analysis done on 2 hours chart. Enter once the trend line is broken and the candle is closed above the trend line. Follow the red line as SL and the yellow line as a target. W- Gartlwy harmonic pattern may form.
Short BSOFT Target 360On the daily chart it has broken the komu, chikousen is free and moving downwards, conversion and baseline are in equilibrium and they must fall too in coming days.
I am not SEBI advicer. Risk and reward is yours only. Stoploss 432+ on closing basis.
