Technical Analysis of Borosil Ltd. (BOROSIL) - Daily Chart 📉📊
🚀 Analyzing the price movements of Borosil Ltd. on the daily chart!
Chart Overview:
The chart displays the stock's price movement within a consolidation phase, highlighting critical technical indicators and levels for potential trading opportunities.
Key Levels and Zones:
🔹 Current Price: ₹407.05
Support and Buying Zones:
Target Zone:
Stop Loss:
📉 Chart Analysis:
📋 Trade Plan:
Conclusion:
The chart highlights crucial support and resistance levels, with potential entry and exit points for traders. Monitoring the price action within these zones can provide profitable trading opportunities with a favorable risk-reward ratio.
📢 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct thorough research and consult a qualified financial advisor before making any investment decisions.
#Borosil #TechnicalAnalysis #TradingPlan #StockMarket #Investment
🚀 Analyzing the price movements of Borosil Ltd. on the daily chart!
Chart Overview:
The chart displays the stock's price movement within a consolidation phase, highlighting critical technical indicators and levels for potential trading opportunities.
Key Levels and Zones:
🔹 Current Price: ₹407.05
Support and Buying Zones:
- []🟢 First Buy Zone: ₹399 - ₹387
[]🟢 Second Buy Zone: ₹355
Target Zone:
- 🎯 Price Range: ₹504 - ₹519
Stop Loss:
- 🚫 Price: ₹332.95 (on failing the Golden retracement zone)
📉 Chart Analysis:
- Wave Patterns:
The chart indicates a pattern of waves A, B, and C.
🔄 Wave C: An intermediate completion zone is marked, suggesting potential bullish movement. - Golden Retracement Zone:
The gray area represents a critical support level for Wave B, indicating a possible price reversal. - Demand Zone:
The demand in the extended retracement zone suggests significant buying interest, enhancing the potential for an upward price movement.
📋 Trade Plan:
- 📥 Entry Point:
Consider entering a long position within the First Buy Zone (₹399 - ₹387).
Alternatively, consider the Second Buying Zone (₹355) for a deeper retracement entry. - 🎯 Target:
Aim for the Target Zone (₹504 - ₹519). - 🚫 Stop Loss:
Place a stop loss at ₹332.95 to manage risk effectively.
Conclusion:
The chart highlights crucial support and resistance levels, with potential entry and exit points for traders. Monitoring the price action within these zones can provide profitable trading opportunities with a favorable risk-reward ratio.
📢 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct thorough research and consult a qualified financial advisor before making any investment decisions.
#Borosil #TechnicalAnalysis #TradingPlan #StockMarket #Investment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.