.3 min reviewed Last Updated: Aug 29 2024|6:55 AM IST.Borosil Renewables.Borosil Renewables has recently experienced a significant rate downtrend after reaching its own top near Rs 573, shedding around 87 factors, which translates to a 15 per cent reduce. The supply has actually right now located support in the Rs 490-500 range, which is actually a traditionally powerful degree for the stock.This help zone is especially essential as it additionally accompanies the 200-day Simple Moving Ordinary (SMA), an essential technical indication that commonly acts as a powerful level of support.Additionally, the Loved one Stamina Index (RSI) on the by the hour chart is actually revealing a favorable divergency at this help level, which is actually an indicator that the stock may be actually poised for a reversal. This makes the present price levels of Rs 530-520 eye-catching for taking a long position.Given these technical indications, the sell is encouraged for purchasing within this cost assortment, along with an upside intended of 600. To deal with risk efficiently, it is actually a good idea to place a stop-loss at Rs 455 on a day-to-day closing basis.Also Check out: Nifty IT index shows bullish pattern on graphes examination trading tactic below.Gujarat Ambuja Exports (GAEL).Over recent year, GAEL has set up a strong help amount within the series of Rs 130-132, undertaking several tests that have shown its own resilience despite downward stress..Just recently, there has actually been actually a considerable growth as GAEL cracked above a loutish trendline that had actually constrained its own motion for the past 4-5 months, and notably, it has actually maintained this breakout. This recommends a vital switch in market conviction towards the supply..On top of that, on the red flag front end, the weekly Family member Strength Mark (RSI) has surpassed its own irascible trendline, signalling bullish momentum in the quick to medium condition. Considering these technological red flags, our experts have advised investors as well as real estate investors to launch long placements in GAEL within the variety of Rs 140-144..Our company have established an upside aim for of Rs 174, signifying our bullish overview on the sell's ability for appreciation. To manage threat, our experts recommend arranging a stop-loss order near Rs 126 on a day-to-day closing basis, intending to defend against damaging actions in the marketplace.Laxmi Organics .Over the past 7-8 full weeks, Lxchem has been actually trading within a pretty slender series of about Rs 235-270, indicating a duration of consolidation. Nonetheless, the sell recently burst out of this particular array and also is actually now installed near the Rs 280-mark, signalling a prospective change in its own trend.This escapement is actually specifically notable since it has additionally gone against a rough trendline that has actually constrained the stock's motion for nearly 3 years in addition to quantity picking up. The size of your time it considered this escapement to occur makes it a significant celebration, recommending a possible modification in the supply's lasting fad. Also, the Family Member Durability Mark (RSI), a drive indicator, has constantly remained over the 50 amount throughout this period.This is a sign of toughness, showing that even with the unification, the sell has actually maintained beneficial energy. Taking into consideration these technological aspects, our experts highly recommend taking a long placement in Lxchem within the rate range of Rs 298-302. The upside target is set at Rs 340, demonstrating the ability for further increases adhering to the breakout. To take care of danger efficiently, a stop-loss must be positioned near Rs 280 on a regular closing basis. .( Waiver: Jigar S Patel is an elderly manager of equity analysis at Anand Rathi. Sights shared are his own.).Very First Posted: Aug 29 2024|6:51 AM IST.