📊 Birlasoft (BSOFT) – Reversal Setup in Making
CMP: 438
SL: 329
Targets: 544 / 638 / 859
Birlasoft has been in a corrective phase and has spent nearly 8 months building a base in the range of 438 – 331, forming a small rounding bottom / box pattern.
With the IT index showing strength and IT large caps leading, BSOFT is also showing early signs of a potential trend reversal.
This is a positional setup, not a short-term gamble.
Key approach:
✅ Controlled position sizing
✅ High patience required
✅ Staggered entries possible
If momentum confirms, Birlasoft can emerge as a strong turnaround candidate in the IT space.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
CMP: 438
SL: 329
Targets: 544 / 638 / 859
Birlasoft has been in a corrective phase and has spent nearly 8 months building a base in the range of 438 – 331, forming a small rounding bottom / box pattern.
With the IT index showing strength and IT large caps leading, BSOFT is also showing early signs of a potential trend reversal.
This is a positional setup, not a short-term gamble.
Key approach:
✅ Controlled position sizing
✅ High patience required
✅ Staggered entries possible
If momentum confirms, Birlasoft can emerge as a strong turnaround candidate in the IT space.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
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.
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.