BirlaSoft Double Bottom Formation

Looking at the daily time frame of BirlaSoft charts on a daily time frame, we can notice the formation of a double bottom formation after the stock has fallen from the highs of 860+ level.

The neckline resistance that we can notice here is around 650-660 levels and if the stock breaks this resistance range, we may see a positive momentum in the stock on a positional basis.

Immediate support range can be seen around 620-625 whereas a strong support is around the psychological level of 600.