Nothing is more powerful than trendlines. No Indicators. Purely based on trendlines and price action.
I am going long in this amazing patter with my 50 % of Fund. Let get some profits!
Buy at CMP.
Holding period is 3 months.
Target 30%
SL 15%.
Shift to day and hour for entry.
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 Utility Cmp 392 dated 13-4-2022
1. Rectangle BO @ 405
2. Long Trendline BO @ 405
3. Volume Surge
Buy for a tgt of 445-485-515 SL 360
It is just a view, pls trade at your own risk.
The stock is testing it's 10 months old trendline and looks good above 404 level for swing targets of 424 and 444.
Always carry a stock positionally on day closing basis.
Learn & Earn,
Dr. Tanya Kumar
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 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...
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...
