Birlasoft has been trading in a parallel downtrend channel since May 2022. downtrend channel broke out on 1st December 2022.
I'm happy to say that our analysis, which was done on November 13, 2022, correctly predicted the end of the downtrend.

If we look at the weekly time frame, we can see that the "wave volume divergence" indicator has given a hidden bullish divergence signal, and if we look at the daily time frame, we can see that selling volume is decreasing.
Birlasoft has formed a triangle pattern and the stock is currently trading at a very strong zone. If the triangle pattern breaks to the upside, a bull rally may occur. If it breaks to the downside, we could see a down move, but the likelihood of down move is very low.
Please like it if this analysis was helpful to you, follow me for such analysis and share your thoughts in the comment section below.
Thank you.
I'm happy to say that our analysis, which was done on November 13, 2022, correctly predicted the end of the downtrend.

If we look at the weekly time frame, we can see that the "wave volume divergence" indicator has given a hidden bullish divergence signal, and if we look at the daily time frame, we can see that selling volume is decreasing.
Birlasoft has formed a triangle pattern and the stock is currently trading at a very strong zone. If the triangle pattern breaks to the upside, a bull rally may occur. If it breaks to the downside, we could see a down move, but the likelihood of down move is very low.
Please like it if this analysis was helpful to you, follow me for such analysis and share your thoughts in the comment section below.
Thank you.
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
Access the powerful Demand and Supply Zone Pro indicator at:
marketup2date.com
Stay updated on Telegram:
t.me/MarketUp2Date
Join our WhatsApp channel:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
marketup2date.com
Stay updated on Telegram:
t.me/MarketUp2Date
Join our WhatsApp channel:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.