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Price and trend forecast of BFUTILITIE for Tomorrow, Weekly, Monthly

BF Utilities Limited

Symbol: NSE:BFUTILITIE

ISIN: INE243D01012

778.00

As on 2024-04-16

317.00 (52W Low) 977.95 (52W High)

BFUTILITIE's Today's Performance

BF Utilities Limited started the day by opening at 780.00 today 2024-04-16. Its shares reached a high of 805.00 and dipped to a low of 775.00 in intraday. When the markets closed, BFUTILITIE’s stock price settled at ₹778.00 per share. Also check out its key support and resistance levels.

BFUTILITIE Buy/Sell Targets

Tomorrow, sell BFUTILITIE when its price reaches ₹ 778.00 with a stop-loss order at ₹ 796.21. You can set the target price as ₹ 759.79 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of BFUTILITIE for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for BFUTILITIE

Resistance Levels Value in ₹
Tomorrow Resistance 1 797
Tomorrow Resistance 2 816
Tomorrow Resistance 3 827

Important Supports for BFUTILITIE

Support Levels Value in ₹
Tomorrow Support 1 767
Tomorrow Support 2 756
Tomorrow Support 3 737
Based on where the stock opens tomorrow, if BFUTILITIE opens on a positive note, our first target will be ₹797. If Target 1 is achieved, we will aim for Target 2 which is ₹816.

But if BFUTILITIE falls below the average value of ₹786.00, you can enter a sell side position with target number 1 - ₹767 and second target - ₹756 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of BFUTILITIE

Looking at BFUTILITIE, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, BFUTILITIE has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for BFUTILITIE is moderate bearish.

Tomorrow's Volume based share price Forecast for BFUTILITIE

BFUTILITIE's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 266%.

Reversal detection for BFUTILITIE

Predicted trend chart of BFUTILITIE tomorrow for price forecast
BFUTILITIE may trend may continue to be bearish since stock is making lower low and we can get target of ₹784 in morning tomorrow
Target 1 tomorrow797
Target 2 tomorrow805
Target 3 tomorrow816
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with BFUTILITIE's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if BFUTILITIE opens on a positive note, our first target will be ₹797.00. If Target 1 is achieved, we will aim for Target 2 which is ₹816.00.

But if BFUTILITIE falls below the average value of ₹786.00, you can enter a sell side position with target number 1 - ₹767.00 and second target - ₹756.00

BFUTILITIE's Weekly Targets
1st Up Target 799.98
2nd Up Target 821.97
1st Down Target 761.03
2nd Down Target 744.07

As the week for BFUTILITIE ended on bearish sentiments, we can expect further continuation of this sentiment. BFUTILITIE's initial target will be 799.98 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 761.03 in the upcoming week.

Weekly OHLC Values
Open 792.00
High 805.00
Low 766.05
Close 778.00

Week for BFUTILITIE started with an open price of 792.00, and the close was at 778.00. BFUTILITIE reached the highest of 805.00 and dipped lowest up to 766.05 last week. This indicates a bearish sentiment for the week.

BFUTILITIE full month swing targets
Monthly Up Target 1 838.93
Monthly Up Target 2 860.92
Monthly Down Target 1 722.08
Monthly Down Target 2 666.17

Targets of ₹838.93 can be expected to be reached in the coming month. Once BFUTILITIE achieved this target, we can aim for the next upside target of ₹860.92.

BFUTILITIE if fails to hold upside, down targets of ₹722.08 and ₹666.17 can be achieved by end of this month.

For complete three weeks if BFUTILITIE is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as BFUTILITIE

Symbol Name Industry
NTPC NTPC Limited Utilities - Regulated Electric
ADANIGREEN Adani Green Energy Limited Utilities - Renewable
POWERGRID Power Grid Corporation of India Limited Utilities - Regulated Electric
ADANIPOWER Adani Power Limited Utilities - Independent Power Producers
TATAPOWER Tata Power Company Limited Utilities - Independent Power Producers

Summary

BFUTILITIE is expected to reach the target of 797.00 in tomorrow's trading session.

After achieving the initial target in BFUTILITIE, we will aim for higher targets of 816.00 tomorrow.

However, if BFUTILITIE starts to trade below ₹786.00, then we will shift our focus to the sell side and aim for down targets of 767.00 and 756.00.