Hello, borosil renewable short-term swing trade buy: 633 target: 712 stoploss: 597.
LOGIC BEHIND TRADE: Stock has formed w pattern on 1d chart & given breakout, pull back buying strategy (target identified from harmonic xabcd pattern level 0.886) stoploss is taken low of resistance candle. NSE:BORORENEW
NSE:BORORENEW
Today, 22-07-2021. It followed FIBONACCI levels and opened on the critical level near 278. And then it gave a strong bullish rally.
If you see this shows now 278 is a great support level and now the bullish trend is confirmed.
Go long in this stock. Easy target will be 299-300. Once it breaks that level, I will post new targets for it.
Also...
NSE:BORORENEW
Today BORORENEW tested uptrend line and get good support from it.
Also Today it closed at 278.35 which is almost the same as per Fibonacci level 278.45. Stock is on very critical level now. If it sustain above it on coming days then next easy target to watch will be 299-300.
