Borosil Limited

• 28 December, 2023 Ruchit Thakur

Borosil Limited

Is Borosil ready to give upside breakout as weekly chart says ?

Borosil limited is giving a very nice opportunity to enter in long at current market price for a big target. Stock is all set to move up towards 480 and 700 levels.

Please check the Weekly chart of Borosil Limited. Stock looks good to buy for a medium to long term view. The upside is open for 480 and 700 levels respectively.

• Borosil Limited giving a very nice opportunity to buy at current market price.
• Borosil Limited is in the process of making ascending triangle pattern on weekly chart.
• Risk to Reward ratio is very decent to enter long at CMP.

Please check the attached weekly chart of Borosil Limited. Borosil is in uptrend and stock is in the process of making an ascending triangle pattern on the weekly chart. Ascending triangle range is coming from 240 to 480, So breakout will come above 480 zone towards 700-720.

Please look at the upward sloping trendline which is coming since early 2021 and is giving excellent support for Borosil. Stock is respecting the trendline so far and going high. Stop loss will be just around 300 levels so the Risk to Reward ratio is very attractive for this opportunity as risk is small compared to reward.

Investors or traders can enter in this stock at current market price with the stop loss around 300 levels for the first target of 480 and ascending triangle target would be 700-720 zone.

Please check the support and resistance levels of Borosil Limited. All levels are in spot chart :