Inverted H&S formation on Birla Soft(D)The stock has given a breakout from its inverted H&S formation and is currently retesting the breakout.The volume chart also indicates good strength. The possible targets with entry & exit points are indicated on the chart.Longby ZIKIMOKO3
BSOFT - INVERSE HEAD AND SHOULDER BREAKOUTBirla soft is completing the inverse head and shoulder pattern on daily timeframe and is ready to move towards higher targets of 580 in 3 months.Longby chandarj226
Birla Soft (Bullish)Birla Soft: Industry: IT Consulting and Software The stock is discounted at 17% from all time high levels. Daily Chart: 1. Formation of Inverted Head and Shoulders Pattern 2. Positive Crossover of 5, 13 Days Exponential Moving Average 3.Target 1 would be Length of shoulder i.e 520 levels 4. Target 2 would be Length of Head i.e all time High levels i.e 580 levels Addl Points: 1. FII/FPI have increased holdings from 17.38% to 17.39% in Dec 2021 qtr. 2. Mutual Funds have decreased holdings from 18.74% to 18.30% in Dec 2021 qtr Note: The above analysis is just for educational purpose.Longby deeptinseth222
BSOFT resistant BONSE:BSOFT #NSE:BSOFT trading bullish and given BO on reistance. levels marked for practice. Happy LEarning !!Longby Market_Order91
Birla Soft- NeutralBirla Soft with increase in Sales and EPS need to hold levels above Rs480 on a weekly basis to remain long.by Jaycandlesticks1
buy birla soft ltdbuy bsoft @483 stop loss 467 target 432 target will come in 2 weeksLongby manish55852
BIRLASOFT : BULLISH OUTLOOKMoving in stage 1 , Time to accumulate TGT - 525 & 600+(Positional) 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysisLongby finogentUpdated 2
BSOFT breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a consolidation since February 2022, NSE:BSOFT has given a break out today. It is a buy with a stop just below Rs.465. Other fundamentals: 1. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals. 2. There has been an acceleration in Birlasoft’s participation in large deals, from the signing of multiple transformational projects, including a multi-services deal worth US$ 242 M TCV, with US-based healthcare major Invacare Inc. The Invacare deal is the largest deal in Birlasoft’s history. 3. In FY19, Birlasoft Ltd merged and amalgamated with KPIT Technologies Limited. The merger brought together with skill sets from both businesses. Birlasoft Ltd had strengths primarily in the non-ERP Digital businesses like CRM, BI & Data Analytics, and Application Development, while KPIT IT Services possessed core strengths on the Enterprise Software Solutions like Oracle, JD Edwards, SAP, Infor, etc and capabilities in Digital Transformation services. Birlasoft has created a niche in the mid-tier IT services companies following the merger with KPIT. 4. With successful integration with KPIT Technologies Limited in FY20, FY21 was the second year of operations, wherein the company witnessed stabilization and growth post restructuring. During FY21, the company sharpened its focus to build key business verticals through a micro-vertical strategy, made investments on major business partnerships to expand capabilities and increased focus on its top customers for effective client mining, thereby leading to improved deal wins and increased revenue per account. Going forward, with continued focus on such strategic initiatives are expected to yield sustained growth in operations and profitability for the company. 5. Company is almost debt free. 6. Company has been maintaining a healthy dividend payout of 24.62%. 7. Debtor days have improved from 79.00 to 53.20 days. 8. Debt to equity at 0.05 (less than 1 is good), Interest Coverage at 48.1 (greater than 3 is good), Current ratio at 3.60 (greater than 1.5 is good), FCF to CFO at 64.2%.Longby akashbothra3
birlasoftprice has made inverted head and shoulder pattern..previous fall is supporting the pattern..if the breakout of the neckline susutains then good upmove towards next resistance will be sure..for learners good to observeLongby ganeshkavati343
BSOFT head and shoulder patternThis is only education purpose do your analysis before invest. I'm not SEBI adviser. Longby balud60
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalBirla Soft On daily Chart Inverted Head & Shoulder formation With Resistance Zone near 481-487 levels Buy above 487 levels for positional targets of 510-535-550-570 Keep Mid term view ---- Note: Above levels are for education purposes only Do your own analysis before taking any trade Please Like & Follow Longby Jordan_n-3
Inverted head and shoulder developmentThe stock is forming an inverted head and shoulder pattern and can give a breakout above 487 level. Buy positionally on closing basis for targets of 513, 537 and 570. Learn & Earn, Dr. Tanya KumarLongby tanya151181101041
Birla soft ...formed inverse head and shoulders multiple timesBirla soft ...formed inverse head and shoulders multiple times looking very very strong..by Sree110
YR 2022 Idea #14: Long on BSOFT This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap. Longby onerighttradeUpdated 221
Birlasoft (India) Ltd - 25.03.2022Birlasoft (India) Ltd - 25.03.2022 The stock is trading @ 465.90 levels The stock has made a DOUBLE TOP @ 486 levels The prices are above EMA There is a ENGULFING BEAR in Daily Charts There is a SHOOTING STAR in Weekly Charts There is a MACD Bearish Divergence in Daily Charts RSI is 53 in Weekly Charts (It will be risky for making a Short Position in this stock) One can initiate a SELL Position below 455 with Support @ 471 Watch out for the price action Shortby PrashantBhiwaniwala442
BIRLA SOFT bullish Birla soft making inverse head and shoulder pattern on daily tf. Longby Lokeshagrawal360
Bsoft breakout from inverse head and sholderBirla soft given breakout from inverse h&s pattern... bias bullish.. buy on dip targets 520+++ views are educational...Longby MDstockmagic2
NSE:BSOFTNSE:BSOFT 1) Ready for the breakout 2) Uptrend 3) Acting in good support and resistanceLongby RBSBALA9
BIRLASOFT breakoutBIRLASOFT breakout, good for short term. shall Buy above 483, Target1---> 508 target 2---> 579Shortby senthuvino20201
Head and shoulder pattern breakout in BSOFT In today's trading session Head and shoulder breakout in BSOFT. According to this pattern expected target is 560+ in 1D timeframe.Longby TradZoo1120
Inverted Head and Shoulder FormationWait for a resistance breakout. For Positional Trade, safe entry will be above 480-485. Targets are mentioned in the charts.Longby Shivang_Modi3