NSE:BFUTILITIE
cmp 709
following breakout at 530 and then reached a peak of 815
after retesting the breakout zone, everything appears ready for the big move
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is...
BF Utilities was analyzed on 10th Aug and trade was activated on 12th Aug and reached all the targets today. Totally 22% have been achieved.
Happy Trading
Stock Name - Bf Utilities Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 375
#This is not Buy and Sell recommendation to any one. This is for education...
BF UTILITIES LTD
Stock giving good 10 month trendline Breakout, with double bottom pattern
Buy above 406 levels further add more if sustains above 416 levels
For targets of 425/435
Stock looks very good and also sector is also moving.
Good shareholding pattern also. & looks can go upto 450 levels also
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Note:
Above levels are for education purposes...
BF Utilities Ltd
BFUTILITIE
CMP: 372
- Company is in the generation of electricity through wind mills
- It gave a breakout above 350 with massive volume in June 2021
- Since then it has been trading in a Descending Triangle pattern with low volumes
BF Utilities For swing/positional trade
Breakout and retrenchment did with good volume
can be playable for Upside for the target of 455/480/530
stop-loss can be :
1) If you are doing short-term trade sl can be 400
2) If you are doing positional trade sl can be below demand zone i.e 360
here for positional trade R:R is 1:1
and for short-term swing R:R is 1:4...
Stock is heavily accumulated @ lower levels by big player and done breakout with strong momentum and now retest done with low volume ready for big upside
Notes on the chart.
Always follow your trade management rules before trading my ideas.
Trade safe, stay healthy.
Do hit the like button for better ideas in future.
Regards
Bravetotrade
