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