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Birlasoft

B SOFT Ready To FLY ? ( LONG TERM IDEA ) !!! B SOFT DAILY counts indicate a bullish wave structure. Both appear to be optimistic, and this index invalidation number target are already shared as per charts Investing in declines is a smart move for long-term players. Long-term investors prepare for strong returns over the next two to five years. Every graphic used to comprehend & LEARN & understand the theory of Elliot waves, Harmonic waves, Gann Theory, and tTme theory Every chart is for educational purposes. We have no accountability for profit or loss.
NSE:BSOFTLong
by wavesmonk
BIRLASOFT LTD – Bullish Reversal with Volume Surge✅ Trade Plan: Stock gave a bullish breakout with a large green candle & volume spike RSI crossed 60 level – bullish strength confirmed Price broke above short-term resistance zone at ₹407 and nearing ₹425 💰 Buy Zone: Entry Range: ₹418 – ₹422 (on 15min or 1H candle close above ₹420) 🎯 Targets: T1: ₹425.05 (Immediate resistance) T2: ₹444.35 (Previous swing high) T3: ₹485.75 (Gap fill zone and 200 EMA resistance zone) 🛑 Stop Loss: Intraday SL: ₹407.20 (below support zone and previous candle low) Swing SL: ₹400 (for positional trade) 🔁 Strategy: Scalp at ₹425 with 30–40% booking Hold rest for breakout continuation toward ₹444+ Trail SL to ₹415 once above ₹425 For Education Purposes Only
NSE:BSOFTLong
by rmhetre15
Birlasoft Ltd - Technical Analysis and Potential Trade IdeasPrice Structure and Fibonacci Analysis: Birlasoft's stock is currently in a descending triangle pattern, with price approaching a critical support level around ₹523, which aligns with the 0% Fibonacci retracement level from the recent peak of ₹859.55. The Fibonacci levels on this chart highlight major retracement zones: 23.6% Fibonacci level at ₹602.60 served as previous support but has now turned into resistance. The 50% level at ₹691.35 and the 61.8% level at ₹731.05 acted as strong resistance levels during past retracements. Support and Resistance Levels: Support Levels: The stock has a key support zone around ₹523, which has been tested multiple times (green arrows on the chart), indicating a possible demand zone. If this level fails, there is further support around ₹512.40 and a long-term support zone near ₹476.30. Resistance Levels: Immediate resistance is seen near the 23.6% Fibonacci level at ₹602.60, where previous breakdowns occurred. A descending trendline (marked with red arrows) indicates continuous selling pressure around this level. Volume Profile Analysis: The Volume Profile on the right shows a high-volume node around ₹570-₹600, suggesting strong historical trading interest in this area. If the price breaks out of the descending triangle pattern, this zone could act as an initial resistance on a potential upward move. Technical Indicators: Relative Strength Index (RSI): The RSI is near the oversold region, which could indicate a potential rebound if buying interest emerges at the support levels. Volume Trends: A noticeable increase in selling volume has been observed during the recent downtrend, highlighting persistent selling pressure. Trading Ideas and Strategy: Bullish Scenario: A bounce from the ₹523 support level, accompanied by a volume spike, could present a buying opportunity for a short-term recovery to ₹602.60 or higher. Confirmation of a reversal at this level could open the path towards ₹651.70 (38.2% Fibonacci retracement), where further resistance is expected. Bearish Scenario: A breakdown below ₹523, especially with high volume, could lead to further downside toward ₹512.40 or even the long-term support at ₹476.30. Traders may consider short positions below ₹523, targeting lower support levels with proper risk management. Conclusion: Birlasoft is currently at a critical juncture. Traders should keep an eye on the ₹523 support level for potential bullish setups or watch for a breakdown below this level to consider bearish trades. This analysis highlights both opportunities and risks, depending on the upcoming price action around these crucial levels.
NSE:BSOFT
by AngshumanSaikia
Birlasoft- Potential Reversal Opportunity with a Target of ₹1048Trade Idea for Birlasoft Ltd (NSE: BSOFT): Current Price: ₹579.50 Support Level: ₹561.80 Target Level: ₹1,048.00 Analysis: The weekly chart shows that Birlasoft is currently at a key support level near ₹561.80, which has acted as a strong base historically. The RSI is in a neutral zone but holding above the 40 level, indicating that the stock is not in oversold territory, which is supportive for a reversal play. The trend indicators are hinting at potential bullish momentum as the stock is holding above critical support. Trade Plan: Entry: Consider entering around ₹570-580 if the support holds and there is a bullish confirmation. Stop Loss: ₹550 (below support to manage risk). Target: ₹1,048 (based on the previous high and projected price action if the reversal materializes). Risk/Reward Ratio: Approximately 4:1, making this a favorable setup if the support holds and the momentum builds. Disclaimer: Monitor the trade closely and adjust the stop loss or target based on market conditions.
NSE:BSOFTLong
by profitoptionnew
SWING IDEA - BIRLASOFT Birlasoft , a leading IT solutions provider, presents a swing trading opportunity based on its current technical indicators. Reasons are listed below : 600 Zone as a Strong Support : The 600 level has been a significant support zone for Birlasoft, acting as a key level where buyers have stepped in to support the price. Hammer Candle on Weekly Timeframe : The formation of a hammer candle on the weekly chart is a bullish reversal pattern, indicating that selling pressure has been absorbed and buyers are taking control. 0.5 Fibonacci Support : The stock is holding at the 0.5 Fibonacci retracement level, which is often a strong support level, suggesting that the stock may be poised for a rebound. 100 EMA Support on Weekly Timeframe : The 100-week exponential moving average is providing additional support, reinforcing the bullish sentiment and indicating a potential for upward movement. Target - 680 // 733 // 845 Stoploss - weekly close below 549 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:BSOFTLong
by Visionary_Growth_Insights
SWING IDEA - BIRLASOFTBirlasoft , a leading global IT services company, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 720 Resistance Zone Breakout : The 720 level has been a significant resistance zone, and the price has recently broken out above this level decisively, indicating strong bullish momentum. Bullish Engulfing Candle on Daily Timeframe : The formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and further supports the bullish case. Price Action Above 50 EMA : The stock is trading above the 50-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level. Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 790 // 855 Stoploss - Daily close below 670 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:BSOFTLong
by Visionary_Growth_Insights
BIRLASOFT - Breakout and retest done - Time for new highs!Daily Time Frame: Overview & Observation: 1. Clean price action. 2. Moving after retest. 3. Reversing after support formation 4. RRR is favourable. 5. IT sector is currently underperforming once the sector starts reviving this stock should blast. Trade Plan: 1. ENTRY = 642 2. SL = 10% (577) 3. TARGET = 1:3,1:4,1:5 - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:BSOFTLong
by SuperNova396