- All the necessary pointers are on the chart. We are trying to keep things short and simple. if you like this concept, give us a boost/Comment to let us know. For those who need a writeup, Here's a quick one: - Until the resistance zone is broken, Going long may trap investors in a consolidation phase. - MACD is all up for a bearish crossover - Price trades...
Looks like a good Risk reward at this point. Until breaks my Stop loss below worth taking the risk from my angle.
Technicals looking very good for Borosil renewables. Gave a clear breakout with excellent volume. Fundamentals are also good. However, I do not intend to pick stock with low ROE, ROCE even though 3year average is a good number.
Borosil Renewables Ltd Keep this stock on watchlist. Waiting for it to break > 450-453 with good volume
NSE:BORORENEW Borosil renewables Daily timeframe analysis for long Buy above 430 with SL of 422 T1 465 T2 483 T3 500
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 possibility of breakdown? Let's wait and watch. For educational purpose only. Not a recommendation.
Latest support - 685 Probables insha'Allah as per Fibonacci Levels. Allah Knows Best
NSE:BORORENEW Borosil renewable is looking bullish as giving breakout of descending triangle pattern after consolidation, and has retested the support by making a hammer .
Cup & Handle formed on a weakly chart plus handle is in the form of a bullish Ascending Triangle about to break the resistance. target is on the chart
Borosil has give a breakout of triangle pattern and moved massively as i have bought it at support level it was easy for me hold with minimal stop loss and boom it moved 45% in a month #follow for more stocks like this