The idea here is about Borosil Ltd:
Borosil is India's most trusted glassware brand since 1962. Synonymous with heatproof glassware, it is the market leader for consumer glassware in India, USA & Netherlands.
mentioned below are the points to be considered.
Points as per TA on a Hourly, Daily &Weekly Chart:
1. Trading in Ranging Market(Daily chart) since 11th July 2022 after breakout of falling wedge as per below chart:
2. Gartley Harmonic Pattern completed on weekly chart since 23rd August 2021 till 20th June 2022. B Swing completed & momentum heading towards C Swing at the time of publishing as per below chart:
3. Bearish Bat pattern completed on daily chart since 4th August 2022 till 12th September 2022, price may touch B swing on the pattern since 20 EMA is just below the B swing point as per below chart:
4. Cup formation completed on daily & hourly chart since 4th August 2022 till 12th September 2022. Handle formation under process with a downtrend channel on hourly chart. Price did break out of trend on 14th September 2022 between 12.15 PM to 1.15 PM but was rejected as per below chart :
Expecting the price to break through the trend in tomorrow’s session.
5. Trading above 20 & 200 EMA on daily chart & daily chart.
6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is Strong buy for an upward momentum. Weekly & Monthly chart is Neutral at the moment.
7. RSI is at 63.94 on a Daily Chart & 58.68 on a weekly chart at the time of publishing.
8. MACD Way above signal line on daily & weekly chart .
9. Hull Moving & other moving average is a strong Buy on Weekly, monthly & sell on daily chart. If price sustains above 362.22 by end of the week then it is a very strong signal for upward momentum.
10. Long entry if price breaks above 379.55 & sustains, then we are in upward momentum. However, keep in watch list for the week & alert for price momentum.
Projected targets provided in the chart.
Stop Loss: Enter only once cup & handle & bearish Bat pattern Break out.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
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Cheers.
Borosil is India's most trusted glassware brand since 1962. Synonymous with heatproof glassware, it is the market leader for consumer glassware in India, USA & Netherlands.
mentioned below are the points to be considered.
Points as per TA on a Hourly, Daily &Weekly Chart:
1. Trading in Ranging Market(Daily chart) since 11th July 2022 after breakout of falling wedge as per below chart:
2. Gartley Harmonic Pattern completed on weekly chart since 23rd August 2021 till 20th June 2022. B Swing completed & momentum heading towards C Swing at the time of publishing as per below chart:
3. Bearish Bat pattern completed on daily chart since 4th August 2022 till 12th September 2022, price may touch B swing on the pattern since 20 EMA is just below the B swing point as per below chart:
4. Cup formation completed on daily & hourly chart since 4th August 2022 till 12th September 2022. Handle formation under process with a downtrend channel on hourly chart. Price did break out of trend on 14th September 2022 between 12.15 PM to 1.15 PM but was rejected as per below chart :
5. Trading above 20 & 200 EMA on daily chart & daily chart.
6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is Strong buy for an upward momentum. Weekly & Monthly chart is Neutral at the moment.
7. RSI is at 63.94 on a Daily Chart & 58.68 on a weekly chart at the time of publishing.
8. MACD Way above signal line on daily & weekly chart .
9. Hull Moving & other moving average is a strong Buy on Weekly, monthly & sell on daily chart. If price sustains above 362.22 by end of the week then it is a very strong signal for upward momentum.
10. Long entry if price breaks above 379.55 & sustains, then we are in upward momentum. However, keep in watch list for the week & alert for price momentum.
Projected targets provided in the chart.
Stop Loss: Enter only once cup & handle & bearish Bat pattern Break out.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations.
Cheers.
Trade active:
Broken out of Downtrend on Hourly Chart. Waiting for reconfirmation.
Trade active:
Price Broken out of Cup & Handle pattern Heading towards C Swing.
Comment:
Target 2 Achieved 🚀🚀
