The Stock Borocil Ltd. Looks good on the chart it has given a breakout of an inverse head and shoulder pattern. If it maintains the neck breakout line level we can see a good upside. 498 is the short-term target we can expect. But since it is moving towards the over brought zone of the RSI it may rise and we may see some profit booking. in such a case Neckline should act as support and the stock has to maintain this level then this pattern will be intact.
Request you all please do your own study before any trade. I may be wrong at any point in time. Above is just my view and it can be wrong.
Request you all please do your own study before any trade. I may be wrong at any point in time. Above is just my view and it can be wrong.