What s up Traders,
Stock Of the day : Borosil Renewables (D)
Borosil Glass Works manufactures scientific ware items and consumer ware items
Triangle pattern breakout
Aggressive Traders Can Enter right at the moment with SL below the candle
Conservative Traders can wait for a retest near 500 price level..
Stock has given a nice momentum of 15% in 3...
Borosil Renewables repeating its rally mode this time again. The retracement is done and it is approaching ATH. Borosil Renewables is very Bullish on the chart this time again. Watch at All Time High, if sustained, it will keep moving ahead.
BORORENEW, today our target of 300 easily achieved. And now if it trades above 299 levels then next target to watch are marked on chart with red line.
Please note this is for positional trade.
NSE:BORORENEW at demand zone with results lined up next week it is a good script to look after if you trade with technical
Inverse Head and shoulder pattern formed!
Good accumulation at recent levels !!
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.
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.
Medium Term Trade: Borosil Renewables had been undergoing mean reversion which appears to have completed and the stock seems poised to trend again.
Buy: Borosil Renewables
Target 1: 353
Target 2: 392
Stop Loss: 270
It is engaged in manufacturing extra clear patterned glass and Low Iron Solar Glass for application in Photovoltaic panels, Flat plate collectors, and Greenhouses.
This company is future-proof as it operates in the domain of renewable energy. And the increasing interest of institutions and investors towards non-financial factors (Example. ESG) while making...
Today It took perfect support from Fibonacci level 278/278.45 and gave lovely breakout. This level will act as a key support Zone from now.
Buy and Hold BORORENEW for Short to Medium term. Next Target till 300. And once it crosses above 300 then it will be very bullish.
As Today's volume was above average so next few days there might come...