Borosil Renewables renewed Chart -> Borosil Renewables Daily
Resistance broke yesterday in Borosil Renewables, with good volume activities.
CMP: 540
Good Range: 510 to 540
Targets: 590, 625
SL: 495 Daily Close
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About BOROSIL RENEWABLES LIMITED
Sector
Process Industries
Industry
Industrial Specialties
CEO
Shreevar Kheruka
Website
borosilrenewables.com
Headquarters
Mumbai
Founded
1962
ISIN
INE666D01022
Borosil Renewables Ltd. engages in manufacturing and sale of solar glass. The firm operates through the following geographical segments: Within India and Outside India. The company was founded on December 14, 1962 and is headquartered in Mumbai, India.
Borosil - Bullish Head and Shoulder chart patternBorosil Renewables ltd has formed a bullish head and shoulder.
1. Hammer candlestick formed in downtrend and best part is that at support
2. Next candle formed bullish engulfing and price started rally upside.
3. Downtrend line was broken at 470 again a bullish sign
4. Price has retest FR Level 38.
Inverted Head & shoulder Pattern BO
#BORORENEW
- INH&S after Downtrend
- Good Accumulation during Pattern formation
- BO with Volume
- Trading above key EMAs
- Bullish RSI
Borosil renewal Looks like it is making INVERSE HEAD N SHOULDER
One can add abv 334
Its all for educational purpose not recommending
#Borosil renewable analysis Stock has given BO after a long downward channel with good volume build up. Follow chart for proper entry and exit levels.
BULLISH VIEW IN BOROSIL RENEWABLES- Educational PurposeContinuation of uptrend
Bounced from support zone with hammer formation
Upmove likely to continue in next 8-10 months
Target : 790 (57%)
Stoploss : 377 (weekly closing basis) (-25%)
Risk Reward Ratio :1:2.3
BORORENEW has given reversal breakout1. We got confirmation of price reversal with Inverted H & S
2. Risk to reward is not favorable as yet, so will have to wait for price to retrace minimum to neckline to find a good RR trade
3. Major trend is bullish
4. Breakout is strong
Borosil renewable is an example of a textbook patternWeekly analysis of Bororenew stock can be analyzed as a beautiful representation of flag and pole pattern.
The flag is a falling wedge pattern and currently is nearing the breakout zone which is also its 50% fib retracement level.
The daily time frame chart of the stock is signaling a bullish break
BorosilBefore investing in any stocks check fundamental also.
This stocks looking good,
If stock fall then best buy zone
Half quantity buy at 300
2nd half quantity buy at 283
Sl 25%/30%
Target around 80%
Here only share technical analysis check fundamental future plan of company then if you this consider
BORORENEW - Weekly AnalysisIn the Weekly Chart of BORORENEW ,
we can see that, it has shown a Bullish momentum.
Let it retest and then enter with SL.
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
