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.
Hi there trader, I have marked my analysis in the chart itself. Please feel free to drop any comments or drops if you have any.
New entries can only be initiated once you see a green candle on closing basis at a key zone level.
The risk:reward is more than 4.5 if a green candle forms.
Moving Averages aligned in increasing order. Monthly close above 27.00 on 28Oct16, would be strong case for a Big Buy entry for rise till 60 over a few months.
Manufacturing of transformers and panel meters for energy controlling. Formerly “M and B Switchgears”. Stabalised revenue model. Last4yrs Div History. Scaling up potential 100% on revenue. No dn side...