.3 min read through Last Updated: Aug 29 2024|6:55 AM IST.Borosil Renewables.Borosil Renewables has just recently experienced a significant price downtrend after meeting its own peak near Rs 573, dropping around 87 points, which converts to a 15 per-cent drop. The inventory has actually currently discovered support in the Rs 490-500 range, which is a historically solid degree for the stock.This help area is actually specifically essential as it additionally accompanies the 200-day Simple Relocating Typical (SMA), a crucial technological sign that frequently functions as a solid degree of support.Additionally, the Loved one Strength Index (RSI) on the per hour graph is showing a high diversity at this help amount, which is a sign that the supply might be actually positioned for a turnaround. This makes the present price index of Rs 530-520 desirable for taking a long position.Given these technical indications, the sell is highly recommended for purchasing within this price selection, along with an upside intended of 600. To handle threat successfully, it is actually a good idea to position a stop-loss at Rs 455 on an everyday closing basis.Also Go through: Nifty IT mark presents bullish pattern on charts inspection investing method listed here.Gujarat Ambuja Exports (GAEL).Over the past year, GAEL has established a sturdy support amount within the variety of Rs 130-132, undergoing a number of examinations that have actually demonstrated its resilience when faced with descending pressure..Recently, there has been actually a substantial progression as GAEL damaged above a rough trendline that had constricted its motion for recent 4-5 months, and also significantly, it has maintained this escapement. This suggests a basic switch in market conviction in the direction of the sell..Furthermore, on the clue front, the once a week Family member Durability Index (RSI) has surpassed its own irascible trendline, signalling bullish momentum in the quick to channel condition. Taking into consideration these technical red flags, our experts have recommended investors as well as investors to launch lengthy settings in GAEL within the range of Rs 140-144..We have actually specified an upside aim for of Rs 174, showing our bullish outlook on the stock's capacity for gratitude. To deal with risk, our team highly recommend putting a stop-loss purchase near Rs 126 on a regular closing manner, intending to shield against damaging motions in the marketplace.Laxmi Organics .Over recent 7-8 full weeks, Lxchem has actually been actually trading within a reasonably narrow stable of about Rs 235-270, showing a period of unification. Having said that, the supply recently broke out of this array as well as is actually currently installed near the Rs 280-mark, signalling a potential change in its trend.This escapement is particularly significant because it has likewise violated a bearish trendline that has actually constricted the sell's motion for nearly three years alongside volume grabbing. The size of time it considered this breakout to occur makes it a significant event, advising a prospective modification in the inventory's lasting fad. Also, the Relative Durability Index (RSI), a drive red flag, has actually continually remained above the fifty level throughout this period.This is a sign of strength, suggesting that despite the unification, the sell has kept good drive. Considering these technical aspects, our team recommend taking a lengthy setting in Lxchem within the rate variety of Rs 298-302. The upside target is actually evaluated Rs 340, mirroring the ability for more increases adhering to the escapement. To deal with risk successfully, a stop-loss should be put near Rs 280 on a daily closing manner. .( Disclaimer: Jigar S Patel is a senior manager of equity research at Anand Rathi. Views shown are his very own.).1st Published: Aug 29 2024|6:51 AM IST.