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BFUTILITI – TECHNICAL CHART STUDY

BFUTILITI_1

buy BFUTILITI above 730 on closing basis, sl 540 target 900-1110-1350

hold only if close above mention level please with inform support level.

technical chart study

as per technical chat study on long term chart we can see that stock has almost fallen from 3100 level, made bottom till 118 and now its reversing the trend.

it has made huge rounding bottom on chart in a range of 120-700 range.

even stock has changing its pattern now, its making higher highs with higher lows now.

as per the rsi development we can see that there is a big scope for movement in overbought zone now.

as it can given signal of “BULLISH NEGATIVE DIVERGENCE” signal at top level.

even it has form “ASCENDING TRIANGLE” on chart now, so as per that it should able to move 200-250 points.

so overall view is stock has changing its trend on long term chart so we can see some good up move in coming days.

 

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