Rocky_Chow

Borosil Limited breaks out

Long
Rocky_Chow Updated   
NSE:BOROLTD   BOROSIL LTD
An ascending triangle pattern that broke out at about the right time...spotted it late in the day.. Anyhow one can attempt to go long for a target of 375 keeping a stop lss of 314 on closing basis.. expected time to reach target is by end of day on 23rd November
Comment:
It came below stop loss area for some time on 18 nov only to close above 324.. important to maintain SL on closing basis or we can be shaken out of the trade
Trade closed manually:
the predicted time has elapsed and therefore closed

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.