Borosil Ltd. All set for an ATH breakout?
Updated
✅Trading above key DMAs
✅Consolidating above 50 DMA.
✅Forming inside candles
✅Contracting Right at 50 DMA a
✅Trading near ATH
❗️Bearish sentiments in the market.
❗️Deep and prolonged pullback after each upmove.
▶️Market Cap---₹ 5,378 Cr.
▶️Current Price---₹ 450
▶️Stock P/E---76.6
▶️ROCE---14.3 %
▶️ROE---12.1 %
Early entry with a limited quantity is possible at the level mentioned in the chart. A further addition is possible if the stock breaks the ATH with good volume and candle. Keep such stocks on the radar. It could move really well once the long base is broken.
Trade lite with proper risk management. Remember we are in a downtrending market. The best bet sometimes is no trade and sit on the side lines. Protect your capital. Respect your SL and trade safe.
Chart shared only for educational purposes.
✅Consolidating above 50 DMA.
✅Forming inside candles
✅Contracting Right at 50 DMA a
✅Trading near ATH
❗️Bearish sentiments in the market.
❗️Deep and prolonged pullback after each upmove.
▶️Market Cap---₹ 5,378 Cr.
▶️Current Price---₹ 450
▶️Stock P/E---76.6
▶️ROCE---14.3 %
▶️ROE---12.1 %
Early entry with a limited quantity is possible at the level mentioned in the chart. A further addition is possible if the stock breaks the ATH with good volume and candle. Keep such stocks on the radar. It could move really well once the long base is broken.
Trade lite with proper risk management. Remember we are in a downtrending market. The best bet sometimes is no trade and sit on the side lines. Protect your capital. Respect your SL and trade safe.
Chart shared only for educational purposes.
Trade active
T1 Reached. Gave a good 5.6 % move in one trading session itself. A close above 484 will take this to previous ATH levels. Good Volume and a good candle. Let us wait for the day close. 
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