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Bfutility

Discussion in 'Technical Analysis' started by kommallpaatil, May 11, 2013.

  1. kommallpaatil

    kommallpaatil New Member

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    I think bfutility has given breakout. Can we buy with the sl of 260 for the target of 340??
     
    kommallpaatil, May 11, 2013
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  2. vishuhd1

    vishuhd1 Member

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    The chart suggests a breakout and your SL value is also perfect.. Two things..
    1) I can see a resistance at around 315 levels.. So, the stock has to break this to reach 340 levels..
    2) Major concern is that, the stock is in downtrend ever since it got listed.. So, just be careful while going long in this counter... Because, we cant claim that the stock has formed a firm base at around 190 levels..
     
    vishuhd1, May 11, 2013
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  3. shabbir

    shabbir Administrator Staff Member

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    Wrote everything I would love to. Well done.
     
    shabbir, May 11, 2013
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  4. vishuhd1

    vishuhd1 Member

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    Glad to get such comments from you.. Thanks very much.. !!
     
    vishuhd1, May 14, 2013
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  5. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, May 14, 2013
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