- top down analysis trade, based on strength of IT index
After the long consolidation phase the stock gave a breakout and is again halting and gearing for next big move.
A Clear breakout of the consolidation zone in BSOFT with Rising Volumes. The stock is well above it's 20,50 and 100 SMA which also confirms bullish outlook. MFI is also in a bullish mode and stock can see an upside towards 510-525 levels in the coming days. IT Sector can also act as Hedge against Nifty.
BSOFT given breakout after months of consolidation with volume, its has broken previous high also
BSOFT NSE BIRLASOFT(INDIA) is bullish if 450 holds. New Lifetime High. Fresh breakout. **** Educational purpose only. NSE:BSOFT
Bsoft has also declared for interim dividend and hoping for good result. Also company will be trading in FnO from next month.
Going long with support line as Closing basis stop loss. This month stop-loss going to be wider because market is trending and supports levels are far. Please keep in mind on position size before initiating the trade.
stock was in range earlier and after breakout gave nice move 42 % now again same pattern forming with heavy buying seems someone is accumalating heavly classic darvas box is forming from last two days volumes are surging up price is above all The IMportent MA stock may run next rally above 460. so add 1/4th on breakout and rest on pullback wit h 5% SL
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near swing high.
Birla software is break the cluster at current levels one should make entry as said levels with holding span of 6 to 12 months
For Intraday Trade above 435 | SL-433.4 (see 15 min candle) Tgt1-438 Tgt2-441 Tgt3-452 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- For Swing Trade Long above 435 | SL-415 (For 1-2...
The stock has broken out with good volumes and retested, so it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & short term lower trendline. The target is placed based on fundamentals.
We can observe that the price is making new highs after every rectangular consolidation. Stock is in uptrend and making new highs, can buy after this rectangle breakout. I'm a beginner, i'm just sharing my views.
IT Stock is in consolidating in a flag and pole pattern Very good risk to reward ratio CMP 412 Target 580-600 SL - 400 WCB
BSOFT flag pattern. for short term. after breakout can buy . for stop loss follow the breaking candle