Borosil Renewable has given breakout after facing resistance
near 750 for two times with record volumes.
Huge volume is visible which means sudden change in sentiment
of buyers which is supporting the breakout.
RSI has also breached above 60 showing strength which is again
a positive sign.
Though, MACD has not shown conformation but it seems that on
next week it could turn positive.
Conservative trader could wait for MACD signal and accumulate at minor
correction near breakout level.
near 750 for two times with record volumes.
Huge volume is visible which means sudden change in sentiment
of buyers which is supporting the breakout.
RSI has also breached above 60 showing strength which is again
a positive sign.
Though, MACD has not shown conformation but it seems that on
next week it could turn positive.
Conservative trader could wait for MACD signal and accumulate at minor
correction near breakout level.
