BFL on My ViewIf it break 173-77 Zone next stop will be 220. need a breakout with good volumes make the run stable.
BFL.N0000 trade ideas
BFL - chicken stock
Nothing much, awaiting for BoS, price has broken and retested, prepping for the next leap. Volumes has come in!
RSI shows strength
BFL | At the Edge of ResistanceBased on the formation of a bullish divergence on the Relative Strength Index (RSI) and the price moving along the edge of the descending trendline, the stock may be indicating a reversal to the upside.
To manage risk, it is best to wait for a breakout above the previous lower high level of Rs. 145 before taking a long position and if deciding to enter at these levels the stop-loss should go below Rs. 136 since failure to stay above these levels indicating a bearish continuation.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
BFLlooks like counter is on a good consolidation with bullish divergence in situ, previously low volume breakout happened is now on retest.
daily close above 145 might turn the trend towards positive side.
