Let us talk about Birla Soft today. First lets look at its weekly chart. In weekly chart we can see that its support zone is near 268 and it already took support from this zone. Now it reached to its resistance zone near 332. We need to keep an eye on the stock and if it breaches its resistance zone with strong candle, we should take entry. The targets should be 500 & 546. Keep SL as per your risk taking capacity. The view is positional. Happy Trading
As I has written in this month old post, Birla Soft has now breached its resistance zone, retested and now ready to go up. Entry will be above 355 only with SL of 325.
