BOROSIL LTD - GAINING 14% Update: Borosil Achieves 15% Gain, Target 1 Reached
I'm pleased to announce that Borosil has hit its first target, delivering a solid 15% return within a short period. This achievement highlights the robust momentum Borosil has shown since being identified, and the stock continues to hold strong potential.
This performance underscores Borosil’s promising outlook and validates our strategy. Congratulations to those who followed along with this pick. Looking forward to more gains ahead!
BOROSIL
BOROSIL LTD#BOROLTD
The stock displays multiple bullish patterns
(inverse head and shoulders and cup and handle),
backed by rising volume and an upward-trending
RSI. A successful breakout above *455 could lead to
the stock reaching the first target of ₹500, followed
by potential gains to ₹560 and ₹600 if momentum continues.
BOROLTD - Multiple Bullish Pattern Breakout On Weekly ChartBOROSIL Ltd reveals a combination of bullish patterns, suggesting the potential for an upward breakout on weekly chart.
Here’s a technical analysis:
Inverse Head and Shoulders Pattern: The stock shows an inverse head and shoulders formation, with the left shoulder, head, and right shoulder clearly marked. This pattern is a strong bullish reversal signal, indicating a shift from a downtrend to an uptrend.
Cup and Handle Pattern: Inside the inverse head and shoulders, there’s also a cup and handle pattern, with the cup length marked. This pattern further reinforces the bullish outlook, as it often signals a continuation of an upward move following a breakout.
Breakout Above Resistance: The stock appears to be testing a horizontal resistance level at around ₹455. A breakout above this level would confirm the bullish patterns and indicate a potential upward move toward the projected targets.
Volume: There’s a noticeable increase in volume as the stock approaches the resistance level, suggesting accumulation and growing buying interest. Rising volume during the formation of these patterns is a positive sign for breakout strength.
Targets: The projected targets are based on the cup and handle breakout measurement:
Target 1: ₹500
Target 2: ₹560
Target 3: ₹600
RSI (Relative Strength Index): The RSI indicator is trending upward and is currently around 62, which is in the bullish zone. However, it’s not overbought, implying that there could still be room for further upward movement.
Conclusion
The stock displays multiple bullish patterns (inverse head and shoulders and cup and handle), backed by rising volume and an upward-trending RSI. A successful breakout above ₹455 could lead to the stock reaching the first target of ₹500, followed by potential gains to ₹560 and ₹600 if momentum continues.
BOROLTD | Insider NEWS Stock | Don't Miss ⭕ Swing Trading opportunity ! Daily Chart Alert !!!⭕
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Technical Reasons to trade or Strategy applied :-
1) Bearish Trendline Bull breakout
2) Accumulation can be seen clearly
3) Volume is increasing as well
4) Trading above 200Ema
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
Ascending Triangle in Borosil Ltd There is a ascending triangle pattern formed in Borosil Ltd in the monthly charts and a breakout has been observed this month, though there are couple of trading sessions left for the month to be complete.
This pattern is a bullish pattern and the price can touch 630 in the coming months
Borosil - Bullish Head and Shoulder chart patternBorosil Renewables ltd has formed a bullish head and shoulder.
1. Hammer candlestick formed in downtrend and best part is that at support
2. Next candle formed bullish engulfing and price started rally upside.
3. Downtrend line was broken at 470 again a bullish sign
4. Price has retest FR Level 38.2
5. Now price has pierced the neckline of Inverted head and shoulder chart pattern.
Borosil: Nice bullish formationA 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.
Inverse Head and Shoulder in Borosil LTDChart -> Borosil LTD Weekly
As we can see, the stock has given an inverse head and shoulder breakout with volume confirmation.
CMP: 412
Good range: 385-400
Target: 498
SL: 365 Weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
BOROSIL LTD - Short term BULISH trend - SWING TRADE IDEABOROSIL LTD - Short-term BULLISH trend - SWING TRADE IDEA
1. It breaks long-term downtrend patterns in the weekly and daily timeframe.
2. 375 is the 1st target, hope the market will support getting this achieved...
3. Stoploss should be open and close should be less than 315...
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
BOROSIL LTD - Bearish trend & Next SupportBOROSIL LTD - Bearish trend & Next Supports
1. Last week's weekly candle was strongly close below the primary trend.
2. The same weakness continues this week as well.
3. Next supports are 228, 195, and 160 respectively.
4. It will start bullish when it crosses 300 when the candle opens and close above the primary trend.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
BOROSIL LTD - Long Terms BullishBOROSIL LTD - Short term bearish trend
1. Now at the primary trend, it's a positive sign...
2. It breaks the Falling wedge pattern now...
3. Strong support at 272, if it breaks another support at 240
4. Target will be 412 if it breaks with an open and close candle above 295
Educational purpose...
Target 1 (37%) achieved in Borosil. Target 2 is ON...This is follow-up on Borosil. Can check link to related ideas.
Target 1 achieved. More than 37%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.