Do we see BirlaSoft blood bath?BirlaSoft crash to ₹290 confirmed on the weekly chart. Investors can buy at ₹290 and traders may short it till ₹290. Must not forget to hedge it Options for rollover contracts.
BSOFT trade ideas
Birlasoft Ltd : Ready for a BreakoutBirlasoft Ltd is a company engaged in computer programming, consultancy, and related activities. It provides software development and IT consulting services.
Pro:
Almost debt-free
Good profit growth of 18.2% CAGR over the last 5 years
Healthy dividend payout of 28.3%
Technical Analysis: \
The stock is forming a Descending triangle pattern , indicating a potential breakout.
Volume is also building up from the last swing low.
Expecting a good profit for the upcoming quarters
Stop Loss of 25 points with a target of 350 ++ points.
One can consider this stock for a shorter period with a target of 600 to 605.
BSOFT Below 200 dmayou can see already below 200 dma,
if broke below 530
first support and first tgt would be 60 points lower 470
second 390-410
Disclaimer- Just my view and opinion trade at your own risk not an investment advice
these are only for educational purposes
BIRLASOFT at RetestBelow are the some points to go through for better analysis:
1. At Retest level
2. Risk Reward is almost 1:2 to 1:6.
Disclaimer:
Content shared on or through social site channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
BSOFT : BOX SETUP - WEEKLY MACD CROSSOVER - RSI TREND LINERationale :
Entered in Box setup,
Weekly MACD cross over
Weekly RSI trend line cross over
Targets : 675 / 750 / 850
SL : 580 (Trailing)
** Ideal Entry above 615 , for more risk avert : 620 (200 DMA)
Reversal stock: Birlasoft at strong support Reversal stock
Bounce from EMA100 and multiple support point
RSI reversal
Volume spurt
Keep in your watchlist
Enter after confirmation
BSOFT - Weekly AnalysisIn the Weekly Chart of BSOFT ,
we can see that, after applying FIBO, it has shown a up move from 0.5 level after a consolidation and Bullish hammer creation.
Let it create a Halt candle and then we can enter with a SL and Targets.
Expected momentum is shown in chart.
Tringle breakoutThe stock start positive momentum
Stoploss below its swing low 540
Target 680 & 750
Disclaimer : This view is my own study purpose only.
Birlasoft - Positional setupCMP 599 on 12.10.24
A Pole and Flag pattern-like formation is in progress on the chart. But a trade setup should be backed by other parameters too.
The range of 550-580 has been acting as a good support zone for a long time. This time, it reversed from the zone again—a good time for a buy setup with a favorable risk-reward ratio.
Immediate targets seem 670, 710, and 740.
The setup fails if the price sustains below 550-540 levels.
Position size should be following risk management.
This is only for learning and sharing purposes, not trading advice in any form.
All the best.
BSOFT BULLISHBIRLA SOFT LTD is looking strong upside.
Entry for swing trade
You can go for it after doing your own analysis.
entry price target and stop loss has been updated in the chart.
ONLY FOR EDUCATIONAL PURPOSE..!
BSOFT @ 568 ANALYSIS ON 09/11/2024BSOFT @ 568
SUPPORTS:250/45
RESISTANCES: 862
As long as 250 holds support, BSOFT is buy on dips for bigger targets.
BUY LEVELS at CMP (568, 525, 455, 389)
TARGETS: 673, 789, 916, 991, 1121-1200-1325
ULTIMATE TARGETS (long term): 789-916, 1121-1200-1325, 1655-1734-1861, 2200-2280-2525, 3500
BIRLA SOFTFundamentals:
Predicting basis the revival in the beaten down IT sector.
All links to FED rates and US elections along with the US inflation data and job data.
Technicals:
Need to break out with strong volumes.
Can look out for a 3:1 Reward Risk.
Only for educational purposes.
YOU ARE RESPONSIBLE FOR YOUR OWN MONEY.
Birla Soft: Losing Altitude or Just a Low-Flying Mission?#BSoft
✈️ Birla Soft: Losing Altitude or Just a Low-Flying Mission? 🛬
Birla Soft is cruising at 555-550 right now, but the radar’s picking up some turbulence ahead.
With potential landing zones at 465, 402, and, if things get dicey, a deep dive to 353, Birla Soft looks like it’s on a mission… Downwards! 📉
At this altitude, Birla Soft is starting to look like a low-flying jet testing just how close it can get to the ground.
Maybe it’s aiming for a safe landing at 465, but if the descent continues, we might just be heading for an emergency touchdown at 353. Talk about a hard landing! 🛬
So, traders, keep your seatbelts fastened and prepare for a bumpy descent.
This one could go all the way to the bottom ranks if Birla Soft’s engine doesn’t kick back in soon! Let’s see if it’s just a quick refuel or if we’re in for a full-blown landing drill. 🛫✈️
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Birlasoft Good time to buy as per technical great fundamental Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals.
2 year consolidation.
breakout and retest zone of the stock.
ATH % Diff= 33.3 %
BSOFT - triangle formationBirla soft is forming a triangle pattern, other IT stocks are also showing strength hence gives a sector boost as well.
bsoft--Triple Bottom
--Breakout from the green Trendline will confirm the next leg up
--Trading near support zone
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
Bounce back expected from supportBirla soft can bounce back from this important support level
Wait for a bullish candle
Daily View for BSOFT(BirlaSoft)Bsoft is currently in a solid support zone on the weekly and daily timeframes. If the NDX moves higher as anticipated, Bsoft could also see an upward movement. Please note that this is not a stock recommendation and is intended for study purposes only.
BSOFT // Level // 1 h"Welcome to SkyTradingZone "
Hello Everyone 👋
For Birlasoft Ltd (BSOFT), currently trading around ₹648.451, here are the key levels to watch on a 1-hour timeframe:
Support Level: Around ₹630
Resistance Level: Around ₹670
These levels can help you identify potential entry and exit points for your trades.
Cup & Handle Pattern | BSOFT⭕️ Swing Trading opportunity ! Hourly Analysis Alert !!!⭕️
✍️Technical Reasons to trade or Strategy applied :-
✅ Rally Base Rally Demand Zone
✅Strong Chart Pattern
✅Parallel Channel worked as Support And Tgt
✅Breakout confirmation
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✍️COMMENT Below your view !
BIRLASOFTBirlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals
Rounding Bottom Breakout and Retest Complete.
Fresh rally seems to begin here.
Turning Bullish: BirlasoftBirlasoft has recovered well from the classical support zone of 570 levels.
Resistance levels are 720 and 790 levels.
Volume buildup is also strong.
RSI is also above 60 levels.
USe this rally to exit ut longsBSOFT CMP 666 - Traders & Investors
Fibs- The stock rallied from the lows of 560 to 756. Two imp points to be noted. First the stock halted at 61.8% of the fall indicating that weakness still persists. Second the RSI halted in the bear zone.
Elliott- the curent rally will halt again a the 756 zone and form a Flat corrective pattern which will is denoted as X. From here a fresh three wave fall should start.
Conclusion - At 756 we will again look at all our other indicators to support out case. Beware as the next leg of fall will be deeper.
