BF UTILITIES LTD. on Daily Chart Resistance Breakout seen with increase volume last trading season, Trend line breakout seen rejection two time before now third tiime breakout happens and sustained very well. so positional pick for potential target 10-20% in short term.
Other Bullish indicators seen on daily chart GOLDEN CROSSOVER of 20,50,200 SMA , Double Bottom Formation at strong support zone also seen.
MACD above center and signal line , RSI at 70 level --(60-80) Bullish zone. Trading above all moving avg.
BUY BF UTILITIES LTD. @ 435.75
TARGET 450 -480 -500 ( 1 month )
STOP LOSS 400
** THIS IDEA FOR EDUCATIONAL PURPOSE..take call at own risk. !
HAPPY TRADING. !
Other Bullish indicators seen on daily chart GOLDEN CROSSOVER of 20,50,200 SMA , Double Bottom Formation at strong support zone also seen.
MACD above center and signal line , RSI at 70 level --(60-80) Bullish zone. Trading above all moving avg.
BUY BF UTILITIES LTD. @ 435.75
TARGET 450 -480 -500 ( 1 month )
STOP LOSS 400
** THIS IDEA FOR EDUCATIONAL PURPOSE..take call at own risk. !
HAPPY TRADING. !
Comment:
support seen at 410 level today ..risk reward ratio good to buy this level stop loss bellow 400 level .
Comment:
my 1st positional stop loss trigger..! BAD DAY for market really. !