Birlasoft Ltd (BSOFT) – Long-Term Technical Analysis (TF-1D)

📊 Chart Pattern Observed:
• The stock is forming a symmetrical triangle pattern, a consolidation pattern often leading to a breakout.
• Points A-B-C form higher lows, showing long-term support.
• The upper resistance lies near ₹739.90, indicating a potential breakout target.

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📉 Current Price:
• ₹421.40, which is just above the highlighted “Best Buying Range” zone.

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🟨 Best Buying Zone:
• Marked between ₹387.25 and ₹351.25.
• This zone is close to the lower trendline support (rising support), making it an ideal accumulation level.

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📈 Upside Potential:
• If the stock sustains above the trendline and continues the triangle structure, it may head toward the ₹739.90 level.
• A breakout above ₹739.90 could trigger a strong upward move.

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🔍 Momentum & RSI:
• The RSI is at 43.28, which is near the lower end — suggesting the stock is neither overbought nor oversold.
• Good for long-term entry if bullish confirmation appears.

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📌 Key Support Levels:
• ₹387.25 (first support)
• ₹351.25 (strong support)

🚀 Key Resistance:
• ₹739.90 (major breakout level)

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📝 Conclusion:

Birlasoft is currently in a long-term consolidation phase within a symmetrical triangle. The current price is above a strong support zone, making it a good risk-reward entry for long-term investors, especially between ₹387–₹351. A breakout above ₹740 could signal a major bullish rally.

⚠️ Disclaimer:

This analysis is for educational purposes only. I am not a SEBI registered advisor. Please consult your financial advisor before making any investment decisions.