BSOFT !! Near Support zone and made double bottomBSOFT !! Near Support zone and made double bottom.
Volume activity shows the high probability of reversal.
BSOFT trade ideas
VIEW ON MPHASISGood up side possible
If we see Moving averages it is not supporting
But stock has taken support on 100 days EMA
Can buy this stock
Target 750/850
Stop loss 550
I am just representing my views
For educational purpose only.,
Birla SoftBirla Soft
Details mentioned in chart itself!
CA Diptii Saeth
NISM and NCFM Certified Technical Analyst
BSOFT BFOST (Weekly)
CMP 600
Currently at strong support zone
double bottom on weekly
Fib 50% Retraced from ATH
BIRLASOFT READY TO GIVE A MASSIVE RALLY: DONT MISS!NSE:BSOFT
Birla Soft (D) Analysis
Date: 16/08/2024
Time Frame: 1D
CMP: 600
Key Levels:
Support: 550
Resistance: 663, 680, 700, 760, 800, 860, 900, 960, 1000++
Bullish Outlook:
Buying Range: 550-600
Targets: 663, 680, 700, 760, 800, 860, 900, 960, 1000++
Stop Loss: 500
Conclusion:
Birla Soft is currently trading at a strong support level of 600, having tested this support and now appearing to form a bottom. The stock is poised for a potential massive run, making it a strong buy candidate. Consider entering within the 550-600 range and monitor the target levels as the price advances.
Disclaimer:
This is not financial advice. Please do your own research.
Birlasoft ready for sharp moveBirlasoft is ready for sharp move most probably on upside, once hourly closing above 590. Will give target of 635-665-680.
Birla Soft(Educational idea)Formation of Head & Shoulders in daily time frame...
Results ahead to be taken into account (Cautiously Short)...
Breaking down 700 levels likely to test 670 levels
BIRLASOFT for LongThe chart you've provided is for BIRLASOFT (INDIA) (NSE: BSOFT) on a daily timeframe. Here is an analysis based on the chart:
1. Current Price: The current price is 605.35, with a significant drop of 5.86%.
2. Support and Resistance Levels:
Support Zone: The green highlighted area suggests a support zone around the 590 level.
immediate Resistance Levels**: The blue lines indicate resistance levels at 670.05, 693.75, and 750.80.
3. Trend: The recent candlesticks show a strong downward movement, breaking through previous support levels.
Potential Strategies:
1. For Long Positions:
Wait for Confirmation: Consider waiting for a bullish reversal signal in the support zone around 590 before entering a long position.
Stop Loss : A stop loss could be placed just below the support zone (around 556.75) to manage risk.
Birlasoft price actionBirlasoft showed good strength earlier. Consolidating in the zone. Will rise again from the last support.
BSOFT - Ichimoku Breakout📈 Stock Name - Birlasoft Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 750.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Bsoft Cmp 732 Triangle BO with Volumes dated 12-7-2024
1. Triangle BO @ 730 (done)
2. Price Rise with Volumes
Buy above 735 target 750-760-770-780-790-800
810-835-855 SL 680
It is just a view, please trade at your own risk.
BIRLASOFT: LONGBirlasoft has completed its correction. Expecting upmove. TGT1 and TGT2 as mentioned.
BRILASOFT | Market Structure Breakout | Swing TradeBRILASOFT | Market Structure Breakout | Swing Trade
1) W Pattern formation,
2) Stock on bullish momentum to capture the price drop from Feb to May 2024
BIRLASOFT - Swing Trade Analysis - 13th July #stocksBIRLASOFT (1W TF) - Swing Trade Analysis given on 13th July, 2024
Pattern: REVERSAL FROM WEEKLY SUPPORT
- 5 Weeks Consolidation at Weekly Support Zone - Done ✓
- Strong IT Sector Weekly Breakout - Done ✓
- Accumulation with Volume Buildup at Support Zone - Done ✓
- Demand Zone Consolidation & Retest - In Progress
* Disclaimer
Birla Soft - Bsoft getting ready for big Party Bsoft
Observed : Parabolic Trend along with Bullish Flag pattern.
Tgt expected
1 : 866±
2 : 983±
3 : 1047±
4 : 1125±
5 : 1353±
6 : 1546 ±
Shared it for educational /Reference purpose based on chart pattern.
Do your analysis from your side too
This is not a BUY or SELL RECOMMENDATION.
Birla Software Breakout from down trenPositive upside trend after reversing from downside with a base formation near Fibonacci levels
BSOFT: Reversal candidate!BSOFT and other IT stocks are reversing for a new high. Made this chart yesterday when price was near 600. Expecting target of 800-900 in coming months. Some mid term targets are marked on the trendlines.
NOTE: I'm not a SEBI REG. Study before investing.
Investment Idea for Long term InvestorTrade idea for Long term Investors
High Reward Trade for High Risk Investors
Success rate 80% - 90%
"Realize Full Potential of a Stock by having Patience"
"Stock Market is more about What can happen rather-than what will Happen"
In Markets there is no 100% Guarantee but one can invest in High Probability Stocks
ALWAYS KEEP IN MIND
Rule 1 : Respect Target & Stop-loss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : SL on Day Close Basis
Rule 4 : Never do averaging if trade moves against your direction
BSoft-ATH breakout retest of an investment stockNiftyIT sector is looking very weak as we have seen a breakdown of support.
BSoft is one smallcap IT stock which has big potential to grow in future.
Currently, stock is retesting its previous ATH and once stock goes above 650, a good swing trade can be initiated only if NiftyIT turns bullish.
If we see a fall in this stock and you are a long term investor, best price to accumulate this stock is between 490-520. Stock becomes extremely weak below 380.
BIRLA SOFTGrowing Company,
Increasing EPS from last consequtive 5 qtrs
FII have Increased Stake.
TRADE WILL ACTIVATE STRICTLY ABOVE 700 (Day Closing Bases)
SL: 650 (Will trail in line with Targets)
BIRLASOFT IT SECTOR REVERSAL PATTERNstock is retraced more than 25% from its recent high.
now formed a bottom and trading above all-important levels.
if the IT index closes above the 35700 level, then this stock may cross above the 700 level. Once it crosses the level of 700, then the first target is 785 then 850.
stock fundamental is good. jun qtr is always good for this counter.
BirlaSoft - Shortterm breakoutWith the management guiding for sector leading margins and growth this stock could've potentially bottomed and now breaking into higher highs.
Long at current price where the stock is breaking into higher highs..
Stoploss below AVWAP of 684.
First target could be 713 and then further upwards.
