BORORENEW trade ideas
BOROSIL RENEWABLES AnalysisWhat s up Traders,
Stock Of the day : Borosil Renewables (D)
Borosil Glass Works manufactures scientific ware items and consumer ware items
*Technicals :
Triangle pattern breakout
Aggressive Traders Can Enter right at the moment with SL below the candle
Conservative Traders can wait for a retest near 500 price level..
Stock has given a nice momentum of 15% in 3 days
*Fundamentals:
Current price is more than intrinsic value
P/E 77.5
Over the last 5 years, revenue has grown at a yearly rate of 2.32%, vs industry avg of 0.68% NSE:BORORENEW
Long term Multibagger Borosil RenewablesCup or a rounding bottom structure made by this scrip
good volume breakout then flag continuation pattern breakout.
Potential to give all 3 Targets and beyond in atleast a year.
Happy Investing !!!
Breakout above 340Monopoly Company
good for long term, long time in consolidation after a strong rally
BORORENEW CMP - 472 Target - 750 SL - 325WCB BORORENEW
CMP - 472
Target - 750
SL - 325WCB
#BORORENEW #stocks #StockMarket #investing #trading #investments #Breakout #NSE #BSE #Nifty #Sensex #Chart #ChartOfTheWeek #Chart #trader_rohan
Borosil renewables BullishStrong Weekly consolidation breakout..
.momentum may continue till over bought
Borosil RenewablesAscending triangle pattern on daily time frame, target 398, stop loss 300..time to achieve is by 2nd of November later this year
BREAKOUT IN BORORENEWABLES We can see a rising wedge pattern in the stock and a good breakout can also be seen.
Profits can be seen rising in the company as compared to pre-pandemic profits and we can expect a good run in the stock price due to rising demand of green energy
Borosil Renewables formed double top twiceBorosil Renewables formed double top twice once at 324.05 & gain at 350 which were rejected.
may it start downard trent and get support at 275 as POC.
Suggestions needed
FY21-22 Swing Trade Idea #173: Long on BORORENEWThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Borosil Renewables Medium Term- Rs700Borosil Renewables repeating its rally mode this time again. The retracement is done and it is approaching ATH. Borosil Renewables is very Bullish on the chart this time again. Watch at All Time High, if sustained, it will keep moving ahead.
Borosil Renewable- CMP 305.75Borosil Renewable- CMP 305.75 . It is leading solar glass manufacturer in India. Almost monopoly in India and also exports to other countries. Competitor is Chinese companies operating from Vietnam and Malasia. During FY20, the company successfully raised 200 Cr through QIP and the money raised through the issue will be utilized for its expansion. The company will more than double its solar glass production capacity from 450 tons per day (Equivalent to 2.5GW capacity) to 950 TPD There is no import duty in India for solar panels but from China it is 21%. Can be taken with a sl of 259 on CLBs fo a target of 340, 380 and above. It is on triangular breakout. This is for educational purpose and any investment decisions to be taken with your financial adviser and not based on this.
Ascending Triangle:BorosilBuy: CMP
Stop loss: 285
Target: 325--350---420
#TradeTheTrend#TechnicalPick
in BORORENEW PRZ levels for watch in this stock prz harmonics pattern forming. also remember that i draw two more level on swing high low if high swing level broken without breaks low level one then levels gone to be valid. but if low level broken then prz gone to be invalid. and always watch small tf reaction near prz level how it's reacting on them.
BORORENEW Bullish Trend Alert BORORENEW
1. up trend chennel formed price movement
2. over alll monthly cup and hanndle pattern and inside bull flug pattern formed breakout done bullish senitent strong level
3. up trend chennel resistance line break after big blasst expected..........
Breakout StockToday we have got the breakout in BORORENEW on 1D timeframe.
Volume is above average form the last few weeks trading sessions.
This post is for information purpose only.
Investment Idea || BOROSIL RENEWABLESTechnically:
1. Weekly resistance breakout with good volumes during Dec,2020 week.
2. After seven months of consolidation poised well for another breakout.
3. Good Price-Volume action.
4. Technically, next stop around 530.
Fundamentally:
1. Sustainable business.
2. Healthy Quarterly/Yearly results.
3. Almost a Debt free company.
Potential Multibagger in coming years.
Borosil renewables Bullish momentumStrong Weekly consolidation breakout..
.momentum may continue till life time high
