BORORNEW BO [Weekly]

6 Feb

This BO happened a couple of weeks back and i forgot to post about this. Volumes here are a big plus and i have seen some twitter handles talking about this as a decent play as well. Entered my radar recently. Much upside ahead, keep a check on this as this play has a lot of chatter and volume to go along with it.

8 Feb

Nota

Ouch, strong down movement today, won't feel like much on the weekly charts but on the daily charts, a lot of players might have hit SL and moved out of this scrip. Lets see how the weekly timeframe handles this.

27 Feb

Nota

Not tracking now, RS score has reduced from above 50 on 2nd Feb to near 35 today.
Will look for other stronger names.
Declining RS on a monthly level is not good for entries. Look at other names whose RS increased this month, if they are near BO, they might be at a good entry point.