BOROSIL RENEWABLES SWING TRADEHello, 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
Borosilrenewable
BOROSIL RENEWABLES | TARGET AND LEVELS | 23-07-2021NSE: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 do check my previous ideas about this stock and try to understand how price actions and levels are working in technical analysis.
Do comments if you have any doubt.
Also let me know if you find my ideas are helping you to understand price action and levels.
Borosil Renewable | Target & Levels | Go LongNSE: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.