Borosil Renewables Ltd - Looks Good!
Script: 
BORORENEW
Pattern:Symmetrical Continuation Triangle
A Symmetrical Continuation Triangle (Bullish) is a technical analysis pattern often observed in financial markets, particularly in price charts. It is characterized by converging trendlines that form a triangle pattern. This pattern typically occurs during an uptrend and suggests a continuation of the bullish trend after a brief consolidation period.
Breakout: The pattern is typically resolved with a breakout in the direction of the preceding trend, which in this case is upwards. Traders often look for a decisive close above the upper trendline as confirmation of the bullish continuation.
Target: The price target for a bullish continuation is often measured by the height of the triangle at its widest point, projected upwards from the breakout point. This provides an estimate of how far the price could potentially move in the direction of the breakout.
PLEASE NOTE THAT:
BORORENEW Pattern:Symmetrical Continuation Triangle
A Symmetrical Continuation Triangle (Bullish) is a technical analysis pattern often observed in financial markets, particularly in price charts. It is characterized by converging trendlines that form a triangle pattern. This pattern typically occurs during an uptrend and suggests a continuation of the bullish trend after a brief consolidation period.
Breakout: The pattern is typically resolved with a breakout in the direction of the preceding trend, which in this case is upwards. Traders often look for a decisive close above the upper trendline as confirmation of the bullish continuation.
Target: The price target for a bullish continuation is often measured by the height of the triangle at its widest point, projected upwards from the breakout point. This provides an estimate of how far the price could potentially move in the direction of the breakout.
PLEASE NOTE THAT:
- This chart analysis is only for reference purpose.
- This is not buying or selling recommendations.
- I am not SEBI registered.
- Please consult your financial advisor before taking any trade
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.