It's an Interesting chart for Borosil Renewables
Previously there were 3 breakouts and each time the stock surged more than 2X
This time the script has broken a long consolidation of 2 year and attempting a retest.
Can this stock repeat the history?
Keep it in the watchlist !
Disc: For study, not a recommendation
NSE: BORORENEW is closing with a bullish spinning top candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 16% to 24% gain on...
Script: NSE:BORORENEW
Pattern: Symmetrical Continuation Triangle
A Symmetrical Continuation Triangle (Bullish) is a technical analysis pattern often observed in financial markets, particularly in price charts. It is characterized by converging trendlines that form a triangle pattern. This pattern typically occurs during an uptrend and suggests a continuation...
This BO happened a couple of weeks back and i forgot to post about this. Volumes here are a big plus and i have seen some twitter handles talking about this as a decent play as well. Entered my radar recently. Much upside ahead, keep a check on this as this play has a lot of chatter and volume to go along with it.
Hello everyone, i hope you all will be doing good in your life and your trading as well.
I have brought brought a stock from renewables energy which manufacturing of low-iron solar glass for application in photovoltaic panels, Flat plate collectors and Green houses. It is the first and the only producer of solar glasses in the country.
If i talk about...
BOROSILRENEW is Breaking out from a range after a long period and the stock is getting ready for absolute stunning rally in the coming months. Targets are punched in the chart.
NOTE: I'm not a SEBI REG. Study before investing.
Borosil renewables is presenting an opportunity in both the short term and long term. The stock has given a reversal and has given a good move today with volumes. One can enter the script above 522 can show a good upmove.
Analysis:
The provided chart of Borosil Renewables Ltd. on TradingView suggests a bullish breakout with potential for further upside. Here's a breakdown:
Current price: ₹608.75, up 7.45% from the previous close
Breakout: The stock decisively broke above the resistance level of ₹528.75,
Volume: Increased volume at the breakout point confirms strong buying...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
Stock resisting around 450 zones multiple times, indicating strong resistance zone. However, the support levels are moving higher on the trendline. Stock expected to be bullish if sustains above resistance zone. Levels marked.
![BORORENEW: BORORNEW BO [Weekly]](https://s3.tradingview.com/b/bLZxRjBW_mid.png "BORORNEW BO [Weekly]")
