Birlasoft Ltd

NSE :BSOFT   BSE :532400  Sector : IT – Software

About Company: Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birla soft, comprising over 10,000 plus professionals.

Daily Chart of Biral Soft Ltd.:

Technical Outlook of Birla Soft Ltd.

On Monday 13th Dec 2021 Birla soft Ltd. Share price gained 5.29% and closed at 504.35 on NSE. Stock has seen clear breakout of Triangle pattern. Volumes were on the higher side i.e. breakout has been backed by volumes. Technical indicator also looks bullish. We expect stock to head towards higher level. We recommend short term trader to buy stock around CMP 495- 505 for the targets of 535- 550 Stoploss should be kept below 480 level on closing basis.