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)
Renewableenergy
SWELECT ENERGY SYS: READY TO RESUME UP MOVE.NSE:SWELECTES
- Business Segments The company operates in solar energy systems or services, foundry, and other areas.
- Products : Swelect offers solar PV modules, inverters, water pumps, servo stabilizers, and iron and steel.
- Services : They provide energy conservation, audits, site feasibility analysis, EPC contracts, and operation and maintenance services.
- Headquarters : The company is headquartered in Chennai, India. 🌞🔌
Technical Outlook:-
From mid-April, this stock has been in a retracement phase for the major up trend and now looks like it's trading at the confluence of the support zone which can push the price again in the original direction.
The channel support line.
The 50 EMA retest Zone.
0.5 retrace of previous up swing.
Entry :- 1 hour candle close above 1270 will be a good confirmation.
Stop:- A falling wedge is in the formation of in case of uncertainty and any adverse move we will close it if a day candle closes below the Red line on the chart.
Targets: have been marked on the chart with the forecast of fib price projection tool.
Always use position sizing to manage your trade size with proper stop loss levels.
Keep Learning,
Happy Trading.
BFUtilities-Hidden multibagger stockBFUtilities , a Kalyani group company in the field of wind power generation is showing big reversal indications.
A monthly breakout was done few month back and currently stock is consolidating.
Once 1000 is crossed, this stock would be hard to catch.
Stock has improving fundamentals with net profit and EPS at all time high.
Stock is highly undervalued considering recent developments in renewable energy.
We have seen crazy moves in Suzlon and Inox Wind and I am expecting similar multibagger returns from this stock as well.
Are you ready to get Next 1000% Returns from this Solar Stock?Hello everyone, i hope you all will be doing good in your life and your trading as well.
I have brought brought a stock from renewables energy which manufacturing of low-iron solar glass for application in photovoltaic panels, Flat plate collectors and Green houses. It is the first and the only producer of solar glasses in the country.
If i talk about Manufacturing capabilities company has grown by over 7.5 times in the last five years, from a manufacturing capacity of 180 tons per day in 2018 to 1350 tons per day in 2023 (including the German acquisition).
Overall Company has given more than 1500% returns since IPO came, and this will continue to like this in future as well. I think everyone should think for long term in it or better do sip in this futuristic business stock. Govt. also encouraging families to put solar in rural and urban areas so as demand is increasing, company can grow in multifolds. so again this is best time to enter for long term as well as short term to medium term.
Stock has given breakout of Rectangle Pattern and price has come to retest the levels. Everything supported by huge volume spike on weekly chart, MACD indicator also has given bullish crossover on weekly timeframe.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Borosil Renewables Ltd: Bullish Breakout Signals Analysis:
The provided chart of Borosil Renewables Ltd. on TradingView suggests a bullish breakout with potential for further upside. Here's a breakdown:
Current price: ₹608.75, up 7.45% from the previous close
Breakout: The stock decisively broke above the resistance level of ₹528.75,
Volume: Increased volume at the breakout point confirms strong buying pressure, supporting the bullish momentum
Moving averages: The price sits comfortably above both the 20-day and 50-day moving averages, indicating a potential trend reversal
Trading Idea:
Long position: Consider entering a long position if the price sustains above the breakout level (₹528.75) with continued buying pressure.
Target prices: Potential targets could be around ₹640 and ₹685, based on chart patterns and Fibonacci extensions.
Stop-loss: Place a stop-loss order below the breakout level (₹528.75) to manage potential downside risk.
Additional notes:
While the technical analysis paints a bullish picture, remember that the stock market is inherently volatile.
Always conduct your own research and consider fundamental factors before making investment decisions.
This analysis is intended for educational purposes only and should not be construed as financial advice.
Overall, Borosil Renewables Ltd.'s recent breakout presents a potentially lucrative opportunity for traders seeking long positions. However, practicing cautious risk management and thorough research is crucial before entering any trades.
I hope this analysis is helpful! Feel free to ask if you have any further questions.
Additional notes:
While the technical analysis paints a bullish picture, remember that the stock market is inherently volatile.
Overall, Borosil Renewables Ltd.'s recent breakout presents a potentially lucrative opportunity for traders seeking long positions. However, practicing cautious risk management and thorough research is crucial before entering any trades.
I hope this analysis is helpful! Feel free to ask if you have any further questions.
Disclaimer: I am not a financial advisor and this analysis is not financial advice. Please do your own research before making any investment decisions.
SOLEX - An analysisSolex Energy Limited is engaged in the business of renewable energy solutions. The Company manufactures solar lighting systems, solar panels, solar water pumping products and water heater products.
Financials:
TTM EPS: --
TTM PE: --
P/B: 14.78
Face Value: 10
Mkt Cap (Rs. Cr.): 555
Sector PE: 72.46
Book Value Per Share: 47.03
Positives:
Strong Momentum: Price above short, medium and long term moving averages
Strong Annual EPS Growth
New 52 Week High
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Stock gained more than 20% in one month
Negatives:
Declining Net Cash Flow: Companies not able to generate net cash
High volume, top losers
My Opinion: Do your research but don't miss this stock. It is one of the stocks to look forward in the renewable energy sector.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
SWSSOLAR is nearing triangle breakoutNSE:SWSOLAR is in triangle consolidation
Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on bounce of the triangle's support line
Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line
Target : T1 400, T2 500 on strong breakout, giving around 30% or 60% returns from current price of 302.85.
Reducing revenue, income, asset, etc. for past 3 years is a concern. So this is not recommended for long term holding, but may be suitable for breakout gains.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Nifty - Green Energy Themed Stock ModelNifty - Green Energy Themed Stock Model has been made by picking best stocks which could benefit from focus on renewable future commitment in future.
Past performance is showing continuous growth in price. Stock model is tracked with help of Supertrend 10x2.5.
Current stocks in spread chart as below.
RELIANCE
TORNTPOWER
NTPC
BORORENEW
TATAPOWER
NHPC
PRAJIND
ADANIGREEN
JSWENERGY