BSOFT - BULLISHStock above all mojor MAs now
Any pullback near 665 with a pin bar candle is a buy
Sl can be kept below 639
BSOFT trade ideas
Bullish Flag pattern breakout in BSOFTBIRLASOFT (INDIA) LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 763+.
✅Can Go Long in this Stock by placing a stop loss below 670-.
Breakout in Birla softNSE:BSOFT Good Buying Zone:
1: BIRLASOFT at current market price of 340
OR
2: If found near to 200MA @295-300
Stop Loss:
Put the SL between 295 or 300
Targets:
380/440/500/550+++++
Reasons to buy BIRLASOFT:
1: Good support from the bottom of @270
2: Double Bottom formation and breakout.
3: Long term trend line breakout.
4: trading above 200ma line.
5; Handsome RIO
.
Thanks,
Disclaimer: This idea is for Education purpose only, Kindly place your orders at your own RISK.
BSOFT Analysis for Learning Spike in volume on 7th june shows buyer are interested. Trend is also changed in upside. Stock possibly perform good above 694.
Long Term Possibility - Let's see what will happen in upcoming earnings, in case earnings will show good results, it will attract more buyers.
B soft looking good to invest for short/long term B soft is fundamentally strong company, trading at support level on weekly chart & morning star pattern on daily chart. Chances of reversal from this level. One can buy at 612-615 with SL of 560, Target open.
BSOFT DOUBLE BOTTOM BREAKOUTBirlaSoft broken double bottom
with good volume and rsi
broken 200 ema also
#target 850 mentioned in chart
EDUCATIONAL IDEA
Birla Software (BSOFT) on the move. IT sector is moving .Birla Software (BSOFT) on the move. IT sector is moving .
Bsoft (Looks Ready for 690, 720)Bsoft will be giving a range breakout tomorrow if it closes above 654. Also, it might cross 50 EMA and 200 SMA level (655). Closing above 654 tomorrow, we shall see 690 level initially, and then 720. Stop loss can be placed at the low of tomorrow's closing candle (Friday, 7th June).
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
BIRLASOFT can give decent gains in short termBreakout and retest
Trading above EMA50
RSI reversal
Reversal from support line
Resest entry
1. After a good upmove stock is on a correction mode.
2. It is retesting the cip zone and also fibo 50%.
3. Chart looks good for further upmove.
4. We will look for a Choch in lower time frame for a entry with first target of 840
⚠️Disclaimer: The views expressed here are merely personal opinions. Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions.
Head & Shoulder pattern breakout in BSOFTBIRLASOFT (INDIA) LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 677+.
✅Can Go Long in this Stock by placing a stop loss below 602-.
BIRLASOFT INDIA ANALYSIS 24 MAY 24 BIRLASOFT INDIA ANALYSIS 24 MAY 24
Bullish
Pattern : Broadening wedge
INVESTMENT TYPE : SHORT TERM (3-12 MONTHS)
ROI % : 35%-57%
Cmp: 616
i believe that this stock will follow two paths to reach price level of 861.15 paths and levels you can check in chart.
the stock had traveled from 249.50 to 856.00 and it gave 258% to investors , bull rally is exhausted now peoples are doing profit booking . wait for price to come down till 495-564 entry zone .
this analysis is for educational purpose only .
BIRLASOFT BREKAOUT AND RETESTThe stock is a classic example or a textbook example of breakout and retest which is quite crisp and clear 585 was a crucial support and was tested , now the stock will begin its uptrend phase taking 585 as a curical support
The stock can ralllllly till 856 levels for short term 5-6 weeks and for the longer perspective it can rally till the 1132 7- 8 months
Reversal candidate- BirlasoftBreakout reversal from support level
RSI reversal visible
Highest buying volume in 16 WK
Keep in your watchlist
Disc:for study, not a recommendation
BSOFT - TREND CHANGED ?Symbol - BSOFT
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.
This stock has given great returns to investors as well as traders in last 1 year.
This stock was buy on dips since May 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise as there exists clear Head & Shoulders pattern on larger time frame.
I have made short positions in futures already around 690 level & will find opportunity to sell it on each rise until it breaks 730-735 levels which is H&S neckline. So, My SL is placed above 735.
Targets I'm expecting on downside will be 575 - 560 - 535.
P.S. : Swap markets are now pricing in just one Fed rate cut in 2024. The Fed will keep the rate unchanged at its May 1 meeting. Powell is expected to tighten rhetoric and signal that there will be fewer rate cuts this year than previously expected. If this happens, This will result in strong profit booking in IT stocks specially mid and small caps.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Birlasoft head and shoulder pattern - Head and shoulder break down formed at weekly chart
- 50 days EMA also break down
- Marubozu bearish candle formed last week so bearish may continue
This is my own idea. I don't recommend to take trade based on this idea. Trade with your own idea and own risk.
BSOFT - Long Setup, Move is ON..NSE:BSOFT
✅ #BSOFT trading above Resistance of 790
✅ Next Resistance is at 974
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Birlasoft Head & Shoulder PatternBirlasoft, looks like has formed Head and Shoulder pattern. Will it rebounce upwards from 750 or continue to fall downward to 650-680?
CALCULATION OF SUPPORT PRICE OR TARGET FOR SHORTHere we can see Bsoft having H&S Pattern. Support or target may be 545.85. This just a calculation based on prediction model. this for learning purpose only. Not recommendation to buy or sell
[Swing short Trade] BSOFT - 660 ...huge fall ahead?Formed a head shoulder pattern. Expecting a good fall from here. I'm not trading this setup and neither i recommend others to trade on my views.
BIRLA SOFT is set to give 20-25% returnBIRLA SOFT is set to give 20-25% return
Duration: 3-4 Months
Targets: 950
Entry Above: 765-780
Do not Take Entry below 718 ( As a Big Trendline Breakout happens & stock will go in Lower Lowes levels)
