Borosil Limited is a supplier of laboratory glassware, microwaveable kitchenware and opal ware in India. It sells and markets microwavable and flameproof kitchenware and glass tumblers through more than 15,000 retail outlets, and has three manufacturing facilities. The company conducts its operations in two business segments—namely, scientific & industrial products and consumer products.
FINANCIALS : Market Cap : ₹ 5,015 Cr. Current Price : ₹ 419 High / Low : ₹ 450 / 284 Stock P/E : 71.4 Book Value : ₹ 50.6 Dividend Yield : 0.00 % ROCE : 11.2 % ROE : 9.13 % Face Value : ₹ 1.00
MY TECHNICAL ANALYSIS : From 2021 Dec To Till Now The Stock has formed Horizantal Pattern which is basically forming Resistance and support lines horizontally. 1st Resistance Was Formed on 2021 Dec.Shooting Star Candle has Formed at the price 460 which is a Bearish Candle.Then
1st Support formed on 2022 june with doji candle which is a reversal candle Patter at 250.Then
2nd Resistance formed on 2022 oct with Shooting star candle which is bearish candle at the price 450.Then
2nd Support Formed on 2023 Mar with Hammer candle which is a bullish candle.
3rd Resistance Formed on 2023 Aug with Bearish Engulfing candle which means sellers are in full control on the market from the price 465.Then
3rd Support Formed on June 2024 with Bullish Engulfing candle which means Buyer are in full control in the market from the price 300.Then
Now the Stock Is Trading at 420 which is going to form 4th Resistance.
If the Stock gives a reversal candle(Bearish) on the resistance zone the stock may fall to 305.
If the Stock gives a breakout from the resistance zone the stock take retest to the resistance zone if breaking candle has 20%wick.
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