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Borosilrenewables

BOROSIL RENEWABLES: 30% Upside momentum potential! ⚡️Price Analysis: 1️⃣ Bounce from fibo 50% retracement zone. 2️⃣ Good Volues spikes 3️⃣ Trading above EMAs. 4️⃣ Base formation complete after 9-months consolidation. ✨ My Observations: ➡️ First target (TP1): 670 (previous resistance) ➡️ Strong RRR with SL at 470 (10%) ➡️ Entry zone: 500-520 (current retest level) ➡️ Intermediate resistance at 670 ➡️ Strong momentum can push the price towards 750++ ⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️ 💬 What's your take on renewable energy stocks? Share below! ✌️ 🔥 Happy Trading!✅🚀
NSE:BORORENEWLong
by SuperNova396
Bullish Breakthroughs: 3 Stocks Marching Towards Big Gains1. Pricol NSE:PRICOLLTD ● Pricol's stock price has formed a Rounding Bottom Pattern, signalling a potential trend continuation. ● Following a successful breakout, the stock has resumed its upward trajectory, suggesting further gains. 2. Prestige Estate NSE:PRESTIGE ● A bullish Pole & Flag Pattern has emerged on Prestige Estate's chart. ● The recent breakout is likely to propel the price to higher levels, presenting a buying opportunity. 3. Borosil Renewables NSE:BORORENEW ● Borosil Renewables' stock price has formed a Falling Wedge (Continuation) Pattern after undergoing a prolonged consolidation phase. ● The recent breakout suggests a significant upward move, positioning the stock for substantial gains.
NSE:PRICOLLTDLong
by GoodluckCapital
3
BOROSIL RENEWABLES FOR TARGET 570 +Borosil Renewables is engaged in manufacturing extra clear patterned glass and Low Iron Solar Glass for application in Photovoltaic panels, Flat plate collectors and Greenhouses. As We are moving towards developed nation we have to focus on renewables energy solution rather than traditional source of energy, due to his limitation. So our govt is taking initiative for those renewable energy solution to make India independent from energy consumption. I think Borosil renewable / IREDA is one of group lead for that sector so i a expecting a good move in that sector in upcoming weeks. CMP : 554: TRAGET : 570 + SL : 520 ( on closing basis)
NSE:BORORENEWLong
by rohanbangad
BOROSIL RENEWABLES - 70%+ Upside potential | Reversal TradePrice Analysis & overview: 1. Price has changed its structure to bullish and started forming HH-HL. 2. Bouncing from the demand zone and taking rejection from the EMA. 3. Good volumes are building up. Trade Plan: 1. RRR is favourable. 2. ENTRY = CMP 3. SL = 10% 4. TP = 30%,40%,50%,60%,70%++ - Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:BORORENEWLong
by SuperNova396
BORORENEW - Spinning Top with VolumesNSE: BORORENEW is closing with a bullish spinning top candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 16% to 24% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:BORORENEWLong
by BrahmaBull31
1
BORORENEWBorosil Glass Works manufactures scientific ware items and consumer ware items Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:BORORENEW
by SENSITRADE_T
Borosil renewable is an example of a textbook patternWeekly 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 stock is one of the best picks for renewable sector. You can study the chart and invest as per your own analysis.
NSE:BORORENEWLong
by chartistamey
YR 2022 Idea #72: Long on BORORENEWThis 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. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:BORORENEWLong
by onerighttrade
Borosil bounce back from support1. 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. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop NSE:BORORENEW is trading in a range since December 2021. On 5th April 2022 it broke out of a consolidation zone within the range, went back below the support on 12th April and gave a bounce back today. It's a buy with a stop at ₹610. Other fundamentals: 1. BRL is engaged in the manufacturing of low iron solar glass for application in photovoltaic panels. They are the first and the only producer of solar glasses in the country. The Company’s thinner fully tempered solar glass (2mm and 2.5 mm) offers niche products for glass modules. 2. BRL has a 40% market share in the Solar Glass segment. BRL has expanded its glass capacity from 180 TPD to 450 TPD, which is equivalent to the production of 2.5 gigawatts of solar modules annually. 3. During FY20, the company successfully raised 200 Cr through QIP and the money raised through the issue will be utilized for its expansion. The company will more than double its solar glass production capacity from 450 tons per day to 950 TPD. Capacity is being further expanded from 950 TPD to 1950 TPD in phases by 2024. 4. Increase in installed capacity of Renewable Energy is a high priority of government of India which continues to provide strong thrust to the installation of solar power projects. The government has announced three major steps underlining its commitment to the establishment of a strong domestic solar manufacturing eco-system. The first is the announcement of an additional allocation of Rs.19500 Crores under the PLI scheme for solar cells and modules raising the total allocation to a very impressive Rs.24000 Crores. The second is the formal announcement of basic customs duty on solar panels at 40% and on solar cells at 25% effective from 1st April 2022. The third is the scheme of Approved list of Models and Manufacturers introduced some months ago whereby effectively only Indian manufacturers of solar modules are able to supply to many types of government tenders which have now been extended to open access and net metering projects as well. (excerpt from investor call February 2022) 5. Even though 14 Gigawatts of solar module manufacturing capacity exists in India, actual production was about 5.5 Gigawatts during the financial year 2021. We see installed capacity rising to 50 Gigawatts of solar panels within the next three years. This will give a great boost to domestic production of solar equipment in India causing a major shift away from imports from China to sourcing from domestic manufacturers. Consequently, we expect increased demand for solar glass in India. We are in advanced discussion with many of these manufacturers who are all looking to have a local source of supply for solar glass. 6. The European Union has launched a solar accelerator program to promote production of solar modules in Europe. Solar components are likely to enjoy a sweet spot for the next many years. It is heartening to note that the solar installations in the country have picked up momentum in the current year. The installations in the first nine months of FY2022 have been 9.2 Gigawatts, which has matched the earlier best for a full year. This trend is expected to gain further ground and the level of annual installations is expected to accelerate to significantly higher levels. There is a growing demand from export customers looking at the expected significant rise in local production of solar modules in major markets i.e. to say Europe and USA. We see an attractive future growth in the company’s exports. 7. Borosil Renewables is currently undertaking a Brownfield capacity expansion, a third solar line with a capacity of 550 metric tons to meet the growing demand. This will enhance our capacity from 450 tons per day to 1000 tons per day. Commercial production from SG-3 is expected to commence in the second quarter of FY2023. Further, the company’s board has already approved further expansion of capacity through Solar Glass 4 & 5 in order to raise the capacity from 1000 tons to 2000 tons per day. Work on the SG-4 project is expected to commence during the second quarter of CY2022. Given the lead times required for capacity expansion this additional capacity can come on stream in the third quarter of CY2023. 8. The company has delivered good profit growth of 25.44% CAGR over the last 5 years. 9. Quarter sales growth at 20%, quarter profit growth at 332%, TTM sales growth 64% and TTM profit growth at 595% (December quarter). 10. Debt to equity at 0.10 (less than 1 is good), Interest Coverage at 62.5 (greater than 3 is good), Current ratio at 5.60 (greater than 1.5 is good). 11. Borrowings came down from 92Cr. in Mar'20 to 71Cr. in Sep'21.
NSE:BORORENEWLong
by akashbothra
Humongous Breakout in Borosil Renewable !!!!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 week it could turn positive. Conservative trader could wait for MACD signal and accumulate at minor correction near breakout level.
NSE:BORORENEWLong
by Chaser30