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...
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Borosil Renewables Ltd - 24.06.2022
The stock is trading @ 652 levels
The prices are at RESISTANCE (652)
The prices are above EMA
RSI is 54 in Weekly Chart
There is a HAMMER in Weekly Chart
One can initiate a BUY @ current levels with Support @ 631
Watch out for the price action
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c....
Borosil Renewable has given breakout after facing resistance
near 750 for two times with record volumes.
Huge volume is visible which means sudden change in sentiment
of buyers which is supporting the breakout.
RSI has also breached above 60 showing strength which is again
a positive sign.
Though, MACD has not shown conformation but it seems that on
next...
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
What s up Traders,
Stock Of the day : Borosil Renewables (D)
Borosil Glass Works manufactures scientific ware items and consumer ware items
*Technicals :
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.
Today we have got the breakout in BORORENEW on 1D timeframe.
Volume is above average form the last few weeks trading sessions.
This post is for information purpose only.
NSE:BORORENEW
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 !!
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.
