Reason for long
a) Triangle Breakout
b) QQE Breakout
c) Good Engulfing Candle
d) Volume accumulation
f) SL compulsory
Currently most microcap CEO concentrate on Lean system or some Hypnic Pseudo-promises, which is non-inspirational, non-positive selfish system, and adopt because of their insecurities. These idiotic CEOs carries western borrowed principles which...
Huge momentum is expected in BOROLTD. Keep it on your watchlist.
Be sure to buy it at an average price. If you buy, please follow risk management & maintain appropriate position sizing.
Disclaimer: This post is for educational purposes and not a recommendation. The analysis posted here is just our view.
closed above 50DMA 361.60 with increased volume. negligible debt with big cash reserve. it is only company in india which manufactures glass for solar panels.
Investment Idea
Borosil LTD.
Stock is following long Term Upward trendline on Weekly Chart. So Probable chance of taking bounce from 330-350 Trendline Support Zone...Stoploss 330 Weekly Closing Basis
Based of daily RSI support , there is good buy trade for BOROLTD
Stop Loss = Rs 413.00
Target 1 = Rs 482.35
Risk = Rs 13
PS : Just for knowledge purposes. Not a stock tip.
There is a ascending triangle pattern formed in Borosil Ltd in the monthly charts and a breakout has been observed this month, though there are couple of trading sessions left for the month to be complete.
This pattern is a bullish pattern and the price can touch 630 in the coming months
📊 Details
Borosil Limited is a supplier of laboratory glassware, microwaveable kitchenware and opal ware in India. It sells and markets microwavable and flameproof kitchenware and glass tumblers through more than 15,000 retail outlets, and has three manufacturing facilities.
The company conducts its operations in two business segments—namely, scientific &...
BOROLTD :- Stock is about to breakout of neckline by forming double bottom pattern, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to...
If this is an ascending triangle in formation, the target apears to be 711 with a stop loss of 332..max time to break out would be the week of 23 Jan 2023 with maximum time to reach target being week of 5 Jun 2023
Breakout in BOROLTD (Weekly and Daily Timeframes).
Entry - 388 (CMP)
Target - 452
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
A very interesting chart formation. Let me explain:
There is an outer rounding bottom at the outside (since Jan 2022), followed by rectangle a consolidation.
Inside the outer rounding bottom there is another rounding bottom, followed by a rectangle consolidation.
After the inner rounding bottom - just note the big green candle. Who knows the same will...
