MakarandK

#BFUTILITIES - Bullish setup #HARMONICS #Elliottwave #FIBO

Long
NSE:BFUTILITIE   BF UTILITIES LTD
BF Utilities 1W: Though competition is not easy as giants Adani group companies, TaTa Power, NTPC & Power Grid are dominant in this sector, just imagine BF manages to increase their share by 1-2% points. Not sure whether it will be able to do but on charts it is looking very promising as all 4--> Rounding pattern, ABCD, Wave 5 and FIBO indicting only 1 Target i.e. 600 before mid of 2023... R:R is absouletly in favour i.e. 1:9. Keep eyes.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.