Caution Ahead. Watch out for support ranges , if broken below can bring further selling. If reverse from there, can be good entry point.
#BORORENEW #BOROSIL_RENEWABLES_LTD Inside weekly candle above 509 buy below 470 sell wait for candle closing always inside candle have trap so be careful .wait for day candle close
BOROSIL RENEWABLES LTD. It is being observed that BOROSIL RENEWABLES LTD has shown good correction over the period of 1 year i.e., Apr 22 to Mar 2023. Now it looks like it may bounce back for its 3rd wave of impulse. Please add my analysis to yours for better results. Thank you.
#BOROSIL Again price is rising with rising volume. Exit below 470 CMP:499.55 @20 July 2023
seems to be out of volatility compression, one higher close with green candle and target are set on chart.
Borosil Renewables Looks good for swing trading. Pattern : Cup and handle Time Frame : Day Chart Near term Targets : Tgt 1 : 593± Tgt 2 : 684± Note : This is my view based on chart pattern and shared it for educational purpose. Do your analysis from your side too. Basic Support and Resistance, Chart pattern only used.
Reason for long a) monthly breakout b) good risk reward zone c) SL compulsory index support
Borosil Renewable Limited is the first and only solar glass manufacture in India. The Borosil group which is well-known for the Brand “BOROSIL”. Company manufactures a range of lab ware, scientific ware and consumer ware products. CMP = 527.15. Negatives of the company are High Valuation (55.8) and Declining quarterly net profit. Positives of the company are Low...
The only small cap company engaged in the business of manufacturing of extra clear patterned glass and Low Iron Solar Glass for application in Photovoltaic panels, Flat plate collectors and Green houses. Current capacity is 750 TPD which will be expanded to 2400 TPD by Q3 of 2024. India's solar energy capacity has grown with a CAGR of 41.39% from 6.76 GW in 2016...
Borosil Renewables: (Short) Another 20-30% corrections are in due.
The stock is in triangle pattern for long time. The price got rejected every time it touches its upper trendline as well as its support area . As price range narrows it could give potential breakout in upcoming trading sessions.
stock is at confluence support of channel, AVWAP, Fibo and PP
The possibility of breakdown? Let's wait and watch. For educational purpose only. Not a recommendation.
Between Support and Resistance | RSI bullish | Look for positive volume. -------------- CMP: 550 SL: 525 Target: 675 --------------
31/05/2022 Borosil Renewable CMP:656.80 Target:688-722-771 SL:565 Information is only for study purpose
BORORENEW - Mean reversion set up One can go long with a SL of 200 ema.
Latest support - 685 Probables insha'Allah as per Fibonacci Levels. Allah Knows Best