BF Utilities Short Term TradeThe level of 557 is the long term support, and the stock has taken support from this level and made a symmetric triangular pattern from there,
The bounce back from that support is also combined with higher volumes thus indicating bullish strength,
Currently, there is a further surge in vol, while breaking through the triangle,
Thus, for a short term trade,
tgt 903, sl 789
BF Utilities Ltd.
No trades
What traders are saying
BFUTILITIE - DTFBFUTILITIE is reversing from an old demand zone.
Mitigated at bullish OB and reversed. Strong RSI. Probability of an upside move.
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For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
BFUTILITIE bullish above 1020..?? - 26/7 September.BFUTILITIE: Bullish if ~7 month long consolidation range is broken on good volumes and sustains.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%)
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....
BF Utilities LtdDate 14.09.2024
BF Utilities
Timeframe : Weekly
FYI :
1 The Company was born out of a scheme of demerger with Bharat Forge Limited
2 It is in the business of generating electricity through windmills and infrastructure activities
3 BF Utilities is a part of $3 billion Kalyani Group
Remarks : Technical
1 Formed a rounding bottom pattern
2 Neckline of rounding bottom = 23.6% of Fibonacci retracement
3 Enter once cross or closes above 820, stoploss 750 closing basis on weekly timeframe
4 Target 1 = 1008 & Target 2 = 1250
5 If goes below 750 then short/weak. Will spend more time in consolidation w.r.t rounding bottom
Even though technically there's opportunity to take an advantage of the momentum once cross the neckline. However, its my responsibility to share that stock is not that great on fundamental side as of now some key reasons are mentioned below :
Remarks : Fundamental
1 PE ratio of 108.09 - High
2 ROA of 3.10 % - Poor
3 ROE of 4.27 % - Very low
4 Revenue growth of -1.90 % - Poor
5 OPM of -5.91 % - Poor
6 EPS of Rs 7.33 - Very Low
Regards,
Ankur
BFUtilities-Hidden multibagger stockBFUtilities , a Kalyani group company in the field of wind power generation is showing big reversal indications.
A monthly breakout was done few month back and currently stock is consolidating.
Once 1000 is crossed, this stock would be hard to catch.
Stock has improving fundamentals with net profit and EPS at all time high.
Stock is highly undervalued considering recent developments in renewable energy.
We have seen crazy moves in Suzlon and Inox Wind and I am expecting similar multibagger returns from this stock as well.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
TRENDLINE Breakout in BFUTILITIE
BUY TODAY SELL TOMORROW for 5%
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Pennant Breakout in BFUTILITIE
BUY TODAY SELL TOMORROW for 5%
BFUTILITIE Long PositionalDate : 23-02-2024
Buy BFUTILITIE @CMP
Target of 959-1013-1084-1135-1208
SL 761 / 643
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
BF UTILITES MAKING BEAUTIFUL CUP AND HANDLE The stock is trading at a fair PE multiple and has shown quite significant growth fundamentally moreover it has been forming series of complex cup and hadle patterns . The stock has given a breakout with good volumes which enhances reliability and for near term it can been seen at 1069 levels 1127 after that and eventually rally till 1600 levels
BFUTILITIE Breakout With Volume Setup 🚀Hey traders! 👋 Today, I'm sharing my analysis on BFUTILITIE, which is showing a breakout setup with strong volume. Here's a breakdown of the setup:
📈 Setup: Breakout With Volume
🔍 Analysis: I've conducted a thorough analysis on multiple timeframes, confirming the breakout setup.
📊 Indicator Support: Momentum indicators are showing support for the bullish momentum.
🔍 Keyword: Good volume, multiple timeframe analysis done, momentum indicator support, etc.
Keep an eye on BFUTILITIE for potential upside momentum! Remember to conduct your own analysis and manage risk accordingly.
#BFUTILITIE #BreakoutSetup #VolumeAnalysis #TechnicalAnalysis #TradingView #StockMarket 🚀
BFUTILITIES - Multiyear 52 week BO Stock52 Week high stock BO at Monthly Timeframe. Good Potential and RS is in Making. Currently RS at Monthly TF are 75..Take Your call.
For my RS strategy check my timeline.
Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing.
I use Trading view for my Analysis and charts Repositories. I could have Or Couldn’t have positions in Sharing Ideas.
Treat trading like a business and it will pay you like a business…..!!
Hope this post is helpful to community
Thanks
RastogiG
BFUTILITIE - Ichimoku BreakoutTradingview :
📈 Stock Name - Bf Utilities Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 857.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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#IchimokuCloud
#IchimokuFollowers
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