BIRLASOFT LTD
לונג

BIRLASOFT : Following a strong trend to next earning call

114
My first analysis ever, please be gentle :)
There are 4 forces at play -
1. Strong trend line starting from mid-march when lockdown began in India
2. Upcoming earnings call around Jul 22
3. Previous resistance around last earnings call
4. 50 DMA & 200 DMA show long position is beneficial

Summary:
BIRLASOFT is moving strongly along a support line building up to its next earnings call. It might be able to sustain the momentum up to 95-98 range.
If it crosses, 98 then target at Feb 2020 resistance at 103.

Target 1 : 95 (Jul 22)
Target 2 : 103 (Aug 2020)

Please do note that stocks dip significantly a day or two before results as traders going long try to buy on the cheap so be careful if you decide to go this route.

Note: Not a financial advisor. Just someone who's been observing the markets for a while now.

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