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Technicals for Borosil Renewables Limited
By MusingTheNews
2026-02-02 20:27
Overall Technical outlook
Price Summary
Borosil Renewables Limited's stock opened at 488.15 on 2026-02-02, surged to 490.95, dropped to 468.3, and ended -1.72% down at 479.75, with 359041 shares traded. The stock's highest price over the 52-week span is 699.3, while the lowest price is 462.0.
Technicals
Aroon: The AROON indicator reflects a strong bearish trend for BORORENEW, with Aroon Down moving higher and the Aroon Oscillator staying low. This suggests that the downward trend is likely to continue, indicating sustained bearish momentum. The steady low reading of the Aroon Oscillator suggests that the price may face further declines. Aroon chart for Borosil Renewables Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Bolinger Bands chart for Borosil Renewables Limited
Parabolic SAR: The PSAR for BORORENEW continues to indicate a bearish outlook, reinforcing a resistance level that could limit upward potential. This suggests that the market may remain under bearish control, with resistance acting as a barrier to significant upward movement. Parabolic Stop and Reverse chart for Borosil Renewables Limited
Stochastic: The Stochastic K-line's drop beneath the D-line and under 20 suggests a mildly bearish market condition. This setup indicates that the market may face some downside risk, though the bearish tone is moderate. Investors should consider this as a potential early indicator of a shift for Borosil Renewables Limited. Stochastic chart for Borosil Renewables Limited
Tripple Moving Agerage: A bullish trend is reflected in the alignment of the 20-50-100 period moving averages, though the slopes of the faster averages hint at a possible reversal. This weakening momentum suggests that while the overall trend is still upward, traders should be cautious of a potential shift in the near future. Tripple SMA chart for Borosil Renewables Limited
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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