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Stock analysis Borosil Renewables Ltd BORORENEW

More indepth analysis on MunafaSutra.com

Moving Averages for Borosil Renewables Ltd

  • 5Day Average: 445.64
  • 12Day Average: 455.3
  • 20Day Average: 444.04
  • 50Day Average: 467.3
  • 100Day Average: 491.42
  • 150Day Average: 494.24
  • 200Day Average: 504.68

BORORENEW Indicators & signals

Indicator MACD (12,26,9)

449.97, 453.68, -3.93
Indicator MACD is in negative zone

Indicator ADX (14)

9.51, 25.75, 21.27
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BORORENEW Borosil Renewables Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Tue Nov 2024 439.65 435.15 to 449.45 1.3% 0.24 times
18 Mon Nov 2024 434.00 429.40 to 441.40 -1.9% 0.23 times
14 Thu Nov 2024 442.40 440.30 to 453.10 0.09% 0.29 times
13 Wed Nov 2024 442.00 440.00 to 469.40 -5.99% 0.47 times
12 Tue Nov 2024 470.15 465.10 to 496.95 -6.55% 0.88 times
11 Mon Nov 2024 503.10 454.75 to 514.80 7.7% 5.54 times
08 Fri Nov 2024 467.15 461.05 to 479.75 -0.19% 0.64 times
07 Thu Nov 2024 468.05 452.10 to 473.70 2.63% 0.79 times
06 Wed Nov 2024 456.05 443.95 to 465.80 3.53% 0.54 times
05 Tue Nov 2024 440.50 435.35 to 448.20 -0.6% 0.4 times
04 Mon Nov 2024 443.15 442.00 to 460.00 -3.13% 0.22 times
01 Fri Nov 2024 457.45 447.50 to 462.00 2.43% 0.13 times

Technical analysis forecast for Borosil Renewables Ltd Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Borosil Renewables Ltd BORORENEW at this time. Stock is falling and might fall more.

It appears as if Borosil Renewables Ltd BORORENEW gave a large move recently.

Stock of Borosil Renewables Ltd (BORORENEW) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Borosil Renewables Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 430.4 as stoploss in an intra day buy trade for a target of 451.53. However, stock will show a bearish move below 430.4.

More indepth analysis on MunafaSutra.com