Borosilrenewables
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.
INVESTMENT PICK: BOROSIL RENEWABLESIt 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 investments for their long-term portfolio is also increasing.
Considering the technical aspect, after an excellent rally, followed by a consolidation, it is set on the trajectory to move on the upside again.
CMP= 287.95
Loving this breakout in Borosil Renewables NSE:BORORENEW
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 a correction to check demand from 282-283.
If you have any doubts/suggestions, write in the comment.