It can go either way, but Im going longAs you can see, currently it’s testing the curve support. It can either give support on curve and from 570 it may start to jump and up
BORORENEW trade ideas
Renewable energy stock looking BullishNSE:BORORENEW Borosil renewable is looking bullish as giving breakout of descending triangle pattern after consolidation, and has retested the support by making a hammer .
Borosil Renewables may give a fresh new breakoutcan go long if it breaks the triangle pattern. risk reward is also good. fundamental seems to be okay.
Borosil Renewables LtdThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
Borosil renewables is giving 35% profitBororenew is blasting and the operators are taking the prices higher.
Borosil Renewables Ltd.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 Renewables what a 45% moveBorosil 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
BOROSIL RENEWABLES NSE BULLISHVIEW ABOVE 397BOROSIL RENEWABLES NSE is bullish if it stays above 397. New all-time HIGH.
NSE:BORORENEW
Borosil Renewables LtdThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
Breakout for BOROSIL RENEWABLES LTD. Keep making money.I've been closely watching this stock since August and it's following this perfect triangle pattern. It has even retested after breakout last week. I've been planning to publish this idea since last week but was not getting any time sorry from next time I'll publish a little early so that everyone makes money. Stay safe and keep enjoying life.
BORORENEW LONGIndia's Renewable Sector Outlook is bright.
The only Solar Glass manufacturer in India, backed by good management.
Company has doubled its capacity twice in last 4 years and still cannot meet the demand. One of the few profitable non China solar glass manufacturers in the world.
Stock can break the ATH of 400 and move higher. Good support at 280-300.
View negated if any govt policy or import taxes change for solar modules that can lead to chinese competation taking away the market share.
BUY on dip or on break out monopoly business and renewable energy related company
Borosil Renewables Limited is the first and only solar glass manufacturer in India. ... In order to cater to the growing demand, Borosil Renewables has recently expanded and more than doubled its existing production capacity of high performance solar glass to 2.4 GW per annum.
Note: This is for educational purpose only. Please do not trade in F&O.
It is just a view, pls trade at your own risk
Borosil Renewables LtdThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
DARK HORSE , A POTENTIAL MULTIBAGGER The Borosil Group comprises two independent companies - Borosil Glass Works Ltd and Gujarat Borosil Ltd. Borosil Glass Works is the market leader for laboratory glassware and microwavable kitchenware in India. Their manufacturing facility, spread over 110 acres utilizes top of the line equipment from Germany and other Western European countries, and is located at a fully integrated campus in Bharuch, Gujarat.
Business areas of the company:
Borosil is the single largest manufacturer of the complete range of volumetric glassware in the country. Their volumetric products find usage in all laboratories from high-end pharmaceutical production to high schools and colleges.
Products:
• Scientific & Industrial products
BOROSIL’s range of Laboratory Ware includes almost all items required in general lab usage. Our expertise in melting and forming low expansion, chemically inert borosilicate glass for over 40 years has made our products preferred globally.
• Consumer products
Borosil has been one of India’s most well-known and trusted brands for the last 58 years. Borosil International’s range of elegant and stylish heat resistant glassware is known and loved by generations of housewives.
• Solar Water Heater products
Solar Water Heaters are the most hassle-free and cost efficient way to harness solar energy for domestic and commercial applications. They can be used in any climate and the only fuel they need is sunlight.
• Low Iron Solar Glass products
Textured low iron glass is a soda lime glass in which the content of iron oxide is significantly lower than in normal flat glass. It has a distinctive, nearly colourless appearance particularly when seen from the edge.
• Lighting products
Borosil lighting range of products is used for a wide range of applications- general purpose lantern chimneys for petromax lanterns, well glasses, safety lamp chimneys, explosion and dust proof tubes for hazardous area lighting applications, high pressure mercury and sodium vapour lamps for street lighting, defusers and diopters, both symmetric and asymmetric, for airfield lighting
Future outlook:
• The solar module manufacturing in the country is gaining further momentum and likely to accelerate faster in view of manufacturing linked tenders and grid-connected tenders with domestic content requirement (DCR). Thus, demand for solar glass is expected to rise substantially.
• A very good potential to increase exports to Europe, Americas, Russia, Turkey and MENA due to renewed focus on domestic modules manufacturing in Solar PV (ADD applicable on Chinese glass in EU and Turkey).
• Recent announcements by various module manufacturers/Solar Plant Developers to add 13 GW of module manufacturing capacity.
• Present domestic demand is greater than BORL’s post-expansion capacity, thereby robust growth inthe sector and current high share of imports would easily absorb the additional production volumes.
• Government of India has a target to install 175 GW of Renewable Energy by 2022, of which Solar is100 GW. Installed Solar capacity is targeted to grow to 300 GW by 2030.
BOROSIL RENEWABLEPENNANT FORMATION. SOON TO BREAKOUT. ABOVE 50 & 200 SMA. ABOVE SUPERTREND. VOLUME DRIED UP
KEEP AN EYE
BOROSIL RENEWABLEPENNANT FORMATION. SOON TO BREAKOUT. ABOVE 50 & 200 SMA. ABOVE SUPERTREND. VOLUME DRIED UP
KEEP AN EYE
Borosil Renewables LtdThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
#Borosil Renewables #BororenewNew idea update: #Borosil Renewables #Bororenew close to its 52 week high, becomes actionable above 325. Keep and eye!
Entry range: 327-340
T1: 401, T2: 600+
SL: Below 200
Timeframe: 1-2 years
a long term candidate near another breakoutOne could add here for target 305 /400+, flag like structure can be depict from chart.
1) Company has posted stellar quarterly result.
2) volume is high
3) company would benefit by import ban on solar glass from china.
Making short positions for large profits.....Looking at the chart and past analysis along with some technical indicators one can say that it will rise and according to the multiple targets and stop losses profit can be made.
See that large green candle to mark that month of shillers.See that large green candle to mark that month of shillers.
