Borosil Renewables Ltd - Keep in watchlist for breakout.Borosil Renewables Ltd
Keep this stock on watchlist.
Waiting for it to break > 450-453 with good volume
BORORENEW trade ideas
BORORENEW Borosil renewables Daily timeframe analysis for long NSE:BORORENEW Borosil renewables Daily timeframe analysis for long
Buy above 430 with SL of 422
T1 465
T2 483
T3 500
BororenewNSE:BORORENEW
Reverse from major support line
Result is also fair
Rsi is above 60
today open is low
Good for swing Trade
Borosil renewablesStock is trading near its support level. Can expect good movement in coming weeks. Keep a radar on this stock and trade as per your analysis. This chart is only for educational purpose and not a recommendation.
BORO renewal need to test this level Whenever this price we get must jump in this script. Its jackpot. Pls do your analysis and research before investments.
Caution AheadCaution Ahead. Watch out for support ranges , if broken below can bring further selling. If reverse from there, can be good entry point.
#BORORENEW inside bar daily candle#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. Bullish SequenceBOROSIL 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 Renew Rally?seems to be out of volatility compression, one higher close with green candle and target are set on chart.
BOROSIL RENEWABLES LOOKS ATTRACTIVE 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.
Going further and Further Borosil Renewable 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 debt, zero promoter pledge, improving annual net profit and FIIs are increasing stake.
Entry in Borosil Renewable can be taken after closing above 534.The target of the stock will be 555 & 590. Long term target of the stock will be 627. Stop loss in the stock can be kept at a weekly closing below 478.
Borosil Renewables Trend AnalysisThe 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 to an impressive 54 GW in 2022.
The target for Solar has since been raised to install 250 to 300 GW by 2030 indicating huge potential.
Technically bearish as the price is moving inside an ending diagonal.
Bearish divergence with RSI indicating bearish continuation.
Good to accumulate around 320-350 levels for the following targets:
Short term swing target @ 575 (74% ROI)
Medium term swing target @ 750 (127% ROI)
Long term positional target @ 1330 (300% ROI) 2 years holding period.
Do your own due diligence before taking any action.
Peace!!
#BORORENEW (Triangle Pattern) 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.
Borosil renewable HnSThe possibility of breakdown? Let's wait and watch. For educational purpose only. Not a recommendation.
BORORENEW | 25% long term Between Support and Resistance | RSI bullish | Look for positive volume.
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CMP: 550
SL: 525
Target: 675
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Bororenew at 703Latest support - 685
Probables insha'Allah as per Fibonacci Levels.
Allah Knows Best
