Stock is trading in parallel channel and is now touching upper trend line channel as shown in chart.Stock can consolidate in coming few trading seesions and than make an up move to break the channel with the rising volume.
Buy the stock on pullback near 246 where 5 EMA Lies.RSI is above 70 making the uptrend intanct.
Long near 246-249 tgt 253,258 and 265 sl 238
Trend Transition – When a stock reverses the trend either up or down by crossing over 200 dma – then it has potential to surprise in the direction of new trend.
BF Utility is on a verge of doing trend transition.As seen in above chart we can see Stock need to close above 200 DMA to do the trend transistion and volume are robust in past few trading sessions
Long above 966 Tgt 996 1042 and 1098
Short Below 894 Tgt 862 and 838 and 792
Indian Bulls Financial Service
IBulls Finance after breaking up of 200 DMA make a move of rs 30 and now consolidating in the range of 155-165 Rs and volumes have also declined.Stock has done its consolidation and can be ready for its next move.
Buy above 165 Tgt 167 172 and 177 SL 162
Trend line breakout and now consolidating before its next upmove
Buy above 305 Tgt 307 310 and 315 Sl 298