BSOFT: Breakout from inverse head and shoulders patternBirlasoft (NSE: BSOFT) is trading above its inverse head and shoulders pattern neckline. Going by previous days' volume, deliveries and price actions and as well as indicators like RSI and its price movement and strength today in comparison to NIFTY IT and the NIFTY 50, It is most probably going to breakout from the pattern and sustain its upward move in the coming sessions.
BSOFT trade ideas
Birla Soft Long Idea
If you like the idea kindly like, follow and support me. Birla Soft NSE:BSOFT Looking good for an up move above 470, it is crossing the trendline with good volume. It is having a support zone around 420-430 with good ambitious targets. This idea is for chart learning purposes only, if you want to trade then trade with your own risk, proper money and risk management. And always trade with a stop-loss guys.
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B SOFT READY TO FLY. (SHORT TERM TARGET 550)BSOFT has today broken its June trade line upwards. Alone with this, a jump in volume can also be seen in the last 1 month. The entire IT SECTOR is at an all time high. That's why BSOFT should do long. Its short term target is 550/560. Above 560 we can get to see a rally upto 600. Also the positional target is 700 to 800 we can get to see in 1 to 2 months.
YOU CAN ALSO TRADE IT WITH OPTION. THAT IS
BSOFT 540CE BUY @7/8 Target is 19/28. IF YOU KEEP IT TILL EXPIRY THEN THIS OPTION CAN ALSO BE 50. (DECEMBER EXPIRY)
I have taken this trade. What is your opinion . Tell me in comment.
BSOFT B @ 550 & TARGET @ 570Dear Traders,
BSOFT B @ 550 & TARGET @ 570
Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target.
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BirlaSoft TechnologiesA 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.