Birla Soft has been in a downtrend for a long time. If you just observe till April 21 April it was in a down trend. slowly the momentum turned and buying came in as other IT stocks also started doing well. After going up 30% it took a pause in June and now again on 13 July it breaks off. momentum can be seen very strong on 60 M Chart and 15 Min chart as well which clearly indicates that buyers are fully on in this stock.
ความคิดเห็น:
Relative volume on buy days is quite high compared to its average. Hence it makes a strong candidate for up move hold it for some time. Initial stop loss is 345 and lets see how does it go.
ความคิดเห็น:
Great Profit on this stock. It is still strong.