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Borosil renewable is an example of a textbook pattern

Long
BOROSIL RENEWABLES LTD (NSE:BORORENEW)  
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NSE:BORORENEW   BOROSIL RENEWABLES LTD
Fibonacci Flag Fundamental Analysis BORORENEW borosilrenewables flagformation Fibonacci Retracement nearbreakout riskreward
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fibonacci flagpattern fundamental bororenew borosilrenewables flagformation fibonacciretracement nearbreakout riskreward
Weekly analysis of Bororenew stock can be analyzed as a beautiful representation of flag and pole pattern.
The flag is a falling wedge pattern and currently is nearing the breakout zone which is also its 50% fib retracement level.

The daily time frame chart of the stock is signaling a bullish breakout and the risk to reward is very attractive.
Fundamentally, this stock is one of the best picks for renewable sector. You can study the chart and invest as per your own analysis.
Trade active:
Breakout is done.
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