BOROSIL RENEWABLES: 30% Upside momentum potential!
⚡️Price Analysis:
1️⃣ Bounce from fibo 50% retracement zone.
2️⃣ Good Volues spikes
3️⃣ Trading above EMAs.
4️⃣ Base formation complete after 9-months consolidation.
✨ My Observations:
➡️ First target (TP1): 670 (previous resistance)
➡️ Strong RRR with SL at 470 (10%)
➡️ Entry zone: 500-520 (current retest level)
➡️ Intermediate resistance at 670
➡️ Strong momentum can push the price towards 750++
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 What's your take on renewable energy stocks? Share below! ✌️
🔥 Happy Trading!✅🚀
1️⃣ Bounce from fibo 50% retracement zone.
2️⃣ Good Volues spikes
3️⃣ Trading above EMAs.
4️⃣ Base formation complete after 9-months consolidation.
✨ My Observations:
➡️ First target (TP1): 670 (previous resistance)
➡️ Strong RRR with SL at 470 (10%)
➡️ Entry zone: 500-520 (current retest level)
➡️ Intermediate resistance at 670
➡️ Strong momentum can push the price towards 750++
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 What's your take on renewable energy stocks? Share below! ✌️
🔥 Happy Trading!✅🚀
Anubrata Ray ⚡
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