boc trading with fib retracement in birla soft box trading
fib retracement pattern
buy above 420 on closing basis
BSOFT trade ideas
Breakout: Birlasoft1. Birlasoft takes support from its trendline.
2. Breakout triangle pattern
3. Consolidating over a month.
3. Expected bullish on coming days.
- This is for educational purpose, please do your own research before doing anything.
Retested and triangle patternBsoft gave a good move over the time and being retested couple of times forming a triangle pattern, might give a bullish move over this consolidation.
#BSOFT
Already posted at 14 july.
Now Retested and moving towards targets.
Looks good to buy.. everytihing clearly mentione don chart.
Birlasoft..... Price trajectory.......Hidden Gem of IT Sector...
My Motabhai's (Big Brother's) favourite long term horse....
Bsoft Range BreakoutBsoft has decisively closed above its long term trend line indicating a fresh range of rally.
Birlasoft Ltd (Pick of the week)******Advice Price= 407
Target Price=560
Stop Loss =310
Holding Period=11
Incorporated in 1995, Birlasoft is a multi-shore business
application IT services provider with a presence in the
United States, Europe, Asia-Pacific and India.
Effective Jan. 1, 2019, Birlasoft (India) Limited and the ‘IT
services’ business of KPIT Technologies Limited merged
to form a Enterprise Digital and IT Services company
named Birlasoft Limited.
This C K Birla Group (US$ 2.4 billion) company operates
development centres in the United States, China, Poland
and India. Birlasoft counts Fortune 100 enterprises
across manufacturing, banking & financial services,
insurance, media and healthcare industries as clients.
The company features in the Top 100 global IT
companies recognized by the International Association of
Outsourcing Professionals (IAOP).
This mid cap company is doing very well recently
Region-wise US accounts for almost 80% of
Revenues followed by Europe at 10% and
remaining by the rest of the world. Its Revenues
are well diversified across the clients. Top 5
clients contribute about 27% of Revenues.
Sector wise Automotive contributes about 13%
Revenue, Life Sciences 13%, Energy/Utilities
18%, BFSI 19%, Discrete Manufacturing Hitech
& Media 18% and rest Others.
The company has reported very good results for
the year ended 2020-21. The confidence in
future is evident from the jump in Dividend
declared. Also the Dividend payout ratio of 30%
is assuring one.
Despite marginal increase in Revenues the
company has succeeded in expanding the profit
margins for the last couple of quarters. With the
growing order book the company should
continue to do well. Last year its bottom-line
grew by 43% and this year we are projecting
about 30% growth. Thus for the running year we
are targeting a consolidated EPS of Rs 15. With
a reasonable PEG of 1.25 we are targeting a
share price of about Rs 560.
“Despite heightened uncertainties during this
pandemic year, we have exited FY21 with ....
record deal wins of $ 888 M, healthy cash
generation and top-customer led growth. The all-
round improvement on all operating metrics is
very reassuring and sets the foundation for
continued momentum into FY22. With due focus
on a robust customer centric strategy to win
more transformational, multi-services and long-
term deals, combined with operational rigor, we
are confident of accelerated growth in FY22 and
beyond.
BSOFT- LONGBsoft is trading in a triangle pattern we may expect a rally if that resistance breaks out
Birlasoft - Trend change - 20%++ potential If you look at Gann and trend change dates, BirlaSoft is now moving up for 20% gain in few weeks or days. Are you ready for this idea?
Follow me for more ideas like these.
What are we talking about:-
New trend change
Perfect time value to buy or enter
Target 20% profit from here
Birlasoft Near daily channel pattern breakout and volume increased as well as ,keep in your watchlist !!
Birla Soft - Breakout in WaitingBSoft - Quite a consolidation. The red sell vol bar is worrisome. If it breaksout sooner than I would prefer the B/o. vol bar to be higher than this sell vol bar. Would be enthused to add more only after 210 now.
DISC: Not a SEBI Registered. I post charts for my own study.
Birla Soft looks strong like Birla Cement strengthAs per my chart analysis, this stock have tremendous volume and leads to 116 and soon shock up to 125 level
