Trading near support zones. Breakout can occur soon.
In the Weekly Chart of BORORENEW , we can see that, it is at a Decision Making point. If it moves in upward direction then we will see a W patter breakout at lowest point. Enter at 430 with SL as 416. Possible momentums are shown in charts.
Observed- bullish harmonic Pattern in BORORENEW -Daily Timeframe Study-Practice-sharing Educational purpose only. This is not a recommendation - I am not SEBI registered - Do not TRADE/INVEST basis what I publish here. I am not responsible for your loss or gain. Inspired by - Trading Mirror telugu
1. Market Trend - Bullish 2. Stock - Under consolidation 3. Price Trading at support 4. Risk is small & reward is way to good 5. Trade set up - Buy at support and sell or book at resistance 6. Every resistance, is your partial profit booking area or bringing SL at Break even
Please ignore the counting. Classical TA suggests - Falling wedge formation - With Divergence in momentum oscillator Breakout from the wedge may be first signal of short term trend change. The structure of up move will decide whether the new trend sustains or not. Happy Trading
Stock is recovery face . One can take early entry bcoz I think it may give sipke as u can see volume contraction. Safe trader can wait for healthy green candle. It's for education only.
In the Weekly Chart of BORORENEW , we can see that, it has mad a Decision Making Candle. Possible momentums are shown in charts.
Higher Lows and Higher Highs Formations in daily chart. Bullish view Target 572, 590+ SL: 526 Time Frame : 15 days Risk is yours and Reward is too yours totally
Avoid taking long positions at the present level (537). the price is at the top of wave 4. The monthly supply zone is 624.85 to 567.8... It will start correcting soon in 5 waves down side... The demand zone is 314.7 to 213.25
DISCLAIMER Our video is intended only to provide general and preliminary information to traders/investor and shall not be considered as any investment decision. Do your own analysis, This is not a buy or sell tip. This is just for educational purpose only. And I'm not responsible for your Profit or loss as I'm not a SEBI registered financial advisor.
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
Borosil 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 38.2 5. Now price has pierced the neckline of Inverted head and...
#BORORENEW - INH&S after Downtrend - Good Accumulation during Pattern formation - BO with Volume - Trading above key EMAs - Bullish RSI
Looks like it is making INVERSE HEAD N SHOULDER One can add abv 334 Its all for educational purpose not recommending
Stock has given BO after a long downward channel with good volume build up. Follow chart for proper entry and exit levels.
Continuation 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
1. 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
Weekly 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 breakout and the risk to reward is very attractive. Fundamentally, this...