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BIRLASOFT LIMITEDBIRLASOFT LIMITEDBIRLASOFT LIMITED

BIRLASOFT LIMITED

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BSOFT trade ideas

Descending Triangle PatternDescending Triangle Pattern: Descending triangles have a falling upper trendline as a result of distribution and are always considered bearish signals. Target:-Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern. In general, the price target for the chart pattern is equal to the entry price minus the vertical height between the two trend lines at the time of the breakdown. CMP 406 T1/2/3 340/280/210 SL-425 Breakout AT 395 Below
NSE:BSOFTShort
by sumangalroofings
2
Simple Trade Setup | BIRLA SOFT | 11-04-2022 [INTRADAY]NSE:BSOFT Observations: 1) On 1day time frame, we can see 480 as immediate support and also see a support channel. As far as it is sustaining above this, it has potential to give up move. Immediate major resistance is at 500. Breakout of it will lead a good up move. Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for 11-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Also note some of levels such as bonus and ultimate levels are far from current price, this can be achieved in coming days if not achieved in intraday big moves. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BSOFT
by Trading_hawk
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.
NSE:BSOFTLong
by deeptinseth
2
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 analysis
NSE:BSOFTLong
by finogent
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%.
NSE:BSOFTLong
by akashbothra