Birlasoft (BSOFT) – Reversal Setup in Making

📊 Birlasoft (BSOFT) – Reversal Setup in Making

CMP: 438
SL: 329
Targets: 544 / 638 / 859

Birlasoft has been in a corrective phase and has spent nearly 8 months building a base in the range of 438 – 331, forming a small rounding bottom / box pattern.
With the IT index showing strength and IT large caps leading, BSOFT is also showing early signs of a potential trend reversal.

This is a positional setup, not a short-term gamble.

Key approach:
✅ Controlled position sizing
✅ High patience required
✅ Staggered entries possible

If momentum confirms, Birlasoft can emerge as a strong turnaround candidate in the IT space.

⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.

📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.

📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.