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
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.
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.
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...