BORORENEW trade ideas
borosil renewablesborosil renewables...stock is trading in an uptrend and right now consolidating in a triangle pattern ..after breakout the stock can reach to the levels mentioned in the chart
Bororenew at consolidation phaseBorosil now in consolidation phase. It is trading between 219 and 325. now it it trading at 279 after it touches support of 268 then it will reach 325.
BORRORENEW (ROCKET BASE)ROCKET BASE IS NOTHING BUT 100% MOVE IN LESS THAN 2 MONTHS THEN CONSOLIDATION
BORORENEW - Buy1) Very nice setup
2) Stock has recently tested the BO zone
3) Latest candle along with above average volume is showing clear signs that it will break recent high.
4) Buy with SL below swing low.
#Borosil Renewals cash : Looks good above 292.10#Borosil Renewables cash
08.06.2021
Looks good above 292.10
stoploss 275
Tgt 318-320/350
Cmp 289.50
BORORENEW AccumulateVarious levels are shown in the chart
Near support 270.25
Next support near 226
Accumulate now or near supports
If it goes above 299,
possible levels 321, 337, 351, 365, 434
Buy Borosil RenewablesMy idea is for educational purpose.
Buy Borosil renewables for short term gain of 10-20 %. For Long term it's multibagger.
Borosil Renewables - renew target!C & H pattern in formation. Neck line at 324. On crossing this resistance, the target should be 400.
Borosil Renewables Positional LongBorosil Renewables Limited is the pioneer & leader in manufacturing of Solar Glass in India. The company has a maximum of 2.4 GW annual manufacturing capacity. The export business for them have grown at the rate of 33% CAGR in past 3 years. During its recent trials, the solar glass manufactured by Borosil Renewables Ltd. has succeeded in generating 7.5% more electricity than its immediate European competitor. Lab tests in Berlin have even certified the Solar Glass manufactured by Borosil Renewables Ltd. to be highest to potential induced degradation when compared to its competitors not just in Europe but even China.
Fundamentals:
Baring the last year of complications & lockdowns, the company has shown consistent growth in revenue as well as Total Revenue which can be seen in the image above. The net profits not just showed almost 89% recovery from last year but also almost 64% growth from a fully working year of 2019.
Technicals:
On the looking at weekly chart, we can see how the stock made a range in first quarter of 2020-21 only to break out upward. Further the same pattern was seen during 3rd quarter.
Current range being 225-290 is showing minor attempts of checking resistance around 320 levels. A good entry for this stock will be around 230-220 levels if one is interested in making quick profits with positional bets in the range. However if one is looking at a long term investment, accumulation at every point starting current market price upto 220 with a tight stoploss around 180 should be a safe bet. For Long Term, Take Profit can be kept around 380 levels.
NSE:BORORENEW
BORORENEW Making Cup With HandleBORORENEW Making Cup With Handle
All Targets are mentioned in the chart
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
Borosil Renewables Ltd T1 320 T2 350 T3 400+Borosil Renewables Ltd SHOWING STRENGTH CLOSING ABOVE 300 LEAD TO 320,350.400+
Borosil Renewables Ltd T1 320 T2 350 T3 400+Borosil Renewables Ltd SHOWING STRENGTH CLOSING ABOVE 300 LEAD TO 320,350.400+
BOROSIL RENEWABLES ANALYSIS FOR MAY 20TH 2021BOROSIL RENEWABLES ANALYSIS WITH POSSIBLE BREAKOUT FOR 20TH MAY 2021
A pattern you would love to trade | S01e06big flag pattern breakout :) good consolidation and now a good closing ....
BOROSIL MULTIBAGGER STOCKIt can give upto 50% return in short term
#TrendAnalysis #TechnicalAnalysis #MultiBagger #TradingTips
Borosil Renewable - Post result tradeI really liked the result of borosil renewable and their concall willl shed more light into if this kind of profit number is sustainable upto expansion which comes in 2022.
There are 2 scenerio's here.
1) If stock breakouts out its a simply buy above 278 with a 5% SL.
2) If the stock falls post its result like so many others have then we could look to buy the box bottom around 223 if it finds support there like it has on previous occasions.
This is surely a stock worth tracking on your watchlist because it produces a niche product, govt supporting it with anti-dumping duty + expansions every year from 2022 onwards.
BRORENEW-TRENLINE & FIBO BREAKOUTStock has retraced to 50% fibo levels & now ready to move ahead .
one of resistance has also been breached .
