Birla Soft (Bullish)

Birla Soft:
Industry: IT Consulting and Software

The stock is discounted at 17% from all time high levels.

Daily Chart:
1. Formation of Inverted Head and Shoulders Pattern
2. Positive Crossover of 5, 13 Days Exponential Moving Average
3.Target 1 would be Length of shoulder i.e 520 levels
4. Target 2 would be Length of Head i.e all time High levels i.e 580 levels

Addl Points:
1. FII/FPI have increased holdings from 17.38% to 17.39% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 18.74% to 18.30% in Dec 2021 qtr

Note:
The above analysis is just for educational purpose.