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pradipandsuvra
Oct 19, 2022 3:25 AM

Borosil: Nice bullish formation Long

NSE:BOROLTD1D
BOROSIL LTDNSE

Description

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A very interesting chart formation. Let me explain:

  • There is an outer rounding bottom at the outside (since Jan 2022), followed by rectangle a consolidation.
  • Inside the outer rounding bottom there is another rounding bottom, followed by a rectangle consolidation.
  • After the inner rounding bottom - just note the big green candle. Who knows the same will happen today or tomorrow also :)
  • Concern: Low Volume



Try above 450 with a SL of 425.

Comment

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Today also it comes to my notice :) Still in the range of consolidation.
Just keep an eye on.
Ready to breakout.
Chart PatternsindianstocksanalysisBOROSILstocktowatchforstocktobuynow
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