📊 Chart Pattern Observed:
• The stock is forming a symmetrical triangle pattern, a consolidation pattern often leading to a breakout.
• Points A-B-C form higher lows, showing long-term support.
• The upper resistance lies near ₹739.90, indicating a potential breakout target.
⸻
📉 Current Price:
• ₹421.40, which is just above the highlighted “Best Buying Range” zone.
⸻
🟨 Best Buying Zone:
• Marked between ₹387.25 and ₹351.25.
• This zone is close to the lower trendline support (rising support), making it an ideal accumulation level.
⸻
📈 Upside Potential:
• If the stock sustains above the trendline and continues the triangle structure, it may head toward the ₹739.90 level.
• A breakout above ₹739.90 could trigger a strong upward move.
⸻
🔍 Momentum & RSI:
• The RSI is at 43.28, which is near the lower end — suggesting the stock is neither overbought nor oversold.
• Good for long-term entry if bullish confirmation appears.
⸻
📌 Key Support Levels:
• ₹387.25 (first support)
• ₹351.25 (strong support)
🚀 Key Resistance:
• ₹739.90 (major breakout level)
⸻
📝 Conclusion:
Birlasoft is currently in a long-term consolidation phase within a symmetrical triangle. The current price is above a strong support zone, making it a good risk-reward entry for long-term investors, especially between ₹387–₹351. A breakout above ₹740 could signal a major bullish rally.
⚠️ Disclaimer:
This analysis is for educational purposes only. I am not a SEBI registered advisor. Please consult your financial advisor before making any investment decisions.
• The stock is forming a symmetrical triangle pattern, a consolidation pattern often leading to a breakout.
• Points A-B-C form higher lows, showing long-term support.
• The upper resistance lies near ₹739.90, indicating a potential breakout target.
⸻
📉 Current Price:
• ₹421.40, which is just above the highlighted “Best Buying Range” zone.
⸻
🟨 Best Buying Zone:
• Marked between ₹387.25 and ₹351.25.
• This zone is close to the lower trendline support (rising support), making it an ideal accumulation level.
⸻
📈 Upside Potential:
• If the stock sustains above the trendline and continues the triangle structure, it may head toward the ₹739.90 level.
• A breakout above ₹739.90 could trigger a strong upward move.
⸻
🔍 Momentum & RSI:
• The RSI is at 43.28, which is near the lower end — suggesting the stock is neither overbought nor oversold.
• Good for long-term entry if bullish confirmation appears.
⸻
📌 Key Support Levels:
• ₹387.25 (first support)
• ₹351.25 (strong support)
🚀 Key Resistance:
• ₹739.90 (major breakout level)
⸻
📝 Conclusion:
Birlasoft is currently in a long-term consolidation phase within a symmetrical triangle. The current price is above a strong support zone, making it a good risk-reward entry for long-term investors, especially between ₹387–₹351. A breakout above ₹740 could signal a major bullish rally.
⚠️ Disclaimer:
This analysis is for educational purposes only. I am not a SEBI registered advisor. Please consult your financial advisor before making any investment decisions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.