BF utilities is a Kalyani Group owned company that engages in infrastructure and power generation through wind mill technology.
The chart shows the stock giving a successful breakout from:
i. Inverse head and shoulder pattern.
ii. Horizontal resistance zone(635-655)
The stock closed above both these significant resistances with a spike up in volume and a Bullish 'Marubozu' candlestick.
The target for the Inverse head and shoulder patterns projects to a target almost close to the previous swing high(around 800-815 zone).
On the downside 630 should make a good area to consider for a SL on this stock.
*Note- Views expressed here are based on personal opinions/observations. Please do your own research/analysis before taking any financial positions.
The chart shows the stock giving a successful breakout from:
i. Inverse head and shoulder pattern.
ii. Horizontal resistance zone(635-655)
The stock closed above both these significant resistances with a spike up in volume and a Bullish 'Marubozu' candlestick.
The target for the Inverse head and shoulder patterns projects to a target almost close to the previous swing high(around 800-815 zone).
On the downside 630 should make a good area to consider for a SL on this stock.
*Note- Views expressed here are based on personal opinions/observations. Please do your own research/analysis before taking any financial positions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.