BIRLASOFT - ON SUPPORTS...
BIRLASOFT is known for moving in an upward channel on longterm charts, there was an breakout on the channel and the stock beautifully rallied on the upside giving good returns. however, there is a Euphoria around IT stock, and BIRLASOFT is no exception. The stock is on the support line of the channel, if it breaks there is a sharp breakdown of around 80 to 100 points. Watch out the supports.
DISCLAIMER - I AM NOT AN FINANCIAL ADVISOR, ITS JUST AN VIEW AND NOT AN ADVISE.
DISCLAIMER - I AM NOT AN FINANCIAL ADVISOR, ITS JUST AN VIEW AND NOT AN ADVISE.
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