Buy BF Investment Ltd For The Target Rs.245 – Choice Broking
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* On a daily scale, the stock has bounced back after taking a support of around 218 level which is 78.6% retracement level of its previous move from 203.25 level to 271.30 level which suggests a positive move in the counter.
* Moreover, the stock has given a breakout of its falling trend line which suggests a robust upside movement in the counter.
* On an hourly scale, the stock has been sustaining above its 21 Hourly Exponential Moving Average which shows a positive move in the counter.
* A daily momentum indicator RSI reading is at 47.03 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.