.3 minutes reviewed Last Upgraded: Aug 29 2024|6:55 AM IST.Borosil Renewables.Borosil Renewables has recently experienced a substantial cost downtrend after achieving its own height near Rs 573, dropping around 87 aspects, which equates to a 15 per-cent decrease. The sell has actually now discovered help in the Rs 490-500 assortment, which is a historically strong level for the stock.This help area is actually specifically crucial as it likewise coincides with the 200-day Simple Moving Typical (SMA), an essential technical indication that often works as a strong level of support.Additionally, the Loved one Stamina Mark (RSI) on the hourly chart is actually showing a bullish divergency at this support amount, which is an indicator that the supply might be positioned for a change. This makes the existing price index of Rs 530-520 eye-catching for taking a lengthy position.Given these technological indications, the stock is actually recommended for acquiring within this price range, with an upside target of 600. To handle danger successfully, it is actually suggested to position a stop-loss at Rs 455 on a day-to-day closing basis.Also Read through: Nifty IT index presents high fad on graphes inspection investing method listed below.Gujarat Ambuja Exports (GAEL).Over the past year, GAEL has created a strong support level within the variety of Rs 130-132, undergoing several exams that have actually illustrated its own durability despite down tension..Lately, there has actually been actually a notable progression as GAEL damaged above an irritable trendline that had constricted its own action for recent 4-5 months, and notably, it has maintained this outbreak. This proposes a vital switch in market conviction towards the stock..In addition, on the indicator front end, the once a week Loved one Strength Index (RSI) has actually outperformed its very own irascible trendline, signalling favorable energy in the quick to medium term. Considering these technical clues, our team have urged traders and investors to initiate long placements in GAEL within the stable of Rs 140-144..We have actually prepared an upside target of Rs 174, indicating our high overview on the supply's capacity for admiration. To deal with risk, our team advise arranging a stop-loss order near Rs 126 on an everyday closing manner, intending to defend against negative motions available.Laxmi Organics .Over recent 7-8 weeks, Lxchem has been actually trading within a fairly narrow variety of around Rs 235-270, indicating a time frame of debt consolidation. Nevertheless, the sell recently broke out of the variation as well as is right now installed near the Rs 280-mark, signalling a possible switch in its trend.This breakout is actually especially noteworthy considering that it has likewise broken a bearish trendline that has constrained the supply's movement for almost 3 years alongside volume grabbing. The span of time it considered this breakout to occur creates it a significant event, suggesting a potential adjustment in the supply's long-term fad. Furthermore, the Loved One Strength Mark (RSI), an energy red flag, has actually regularly continued to be over the 50 level throughout this period.This suggests stamina, showing that regardless of the loan consolidation, the stock has actually kept beneficial drive. Considering these technological factors, we highly recommend taking a long position in Lxchem within the rate variety of Rs 298-302. The upside target is actually set at Rs 340, demonstrating the ability for further increases following the breakout. To deal with risk effectively, a stop-loss must be actually put near Rs 280 on a regular closing basis. .( Please Note: Jigar S Patel is a senior manager of equity study at Anand Rathi. Sights shared are his own.).Very First Published: Aug 29 2024|6:51 AM IST.