Power sector is slated to do well in the coming days. This is riding on multiple weekly patterns. Let's see how it plays out.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
Bullish parallel channel breakout.
With budget around the corner and these guys having a presence in namami gange and river linking projects. this scrip may be looked into.
Buy at CMP 520 for a target of 615 which is approx 20% return in a period of 30-35 days.
Stop Loss shall be maintained at daily closing levels below 502.
BF Utilities Ltd. engages in the business of wind power generation and infrastructure. It operates through the following segments: Infrastructure and Wind Energy. The company was founded on September 15, 2000 and is headquartered in Pune, India.