.3 min read through Last Improved: Aug 29 2024|6:55 AM IST.Borosil Renewables.Borosil Renewables has recently experienced a notable cost downtrend after meeting its top near Rs 573, shedding around 87 aspects, which equates to a 15 per cent drop. The stock has currently found support in the Rs 490-500 range, which is a historically tough degree for the stock.This assistance region is actually specifically important as it likewise accompanies the 200-day Simple Relocating Common (SMA), a vital technical red flag that usually acts as a sturdy degree of support.Additionally, the Relative Strength Mark (RSI) on the on an hourly basis graph is revealing a high diversity at this help amount, which is actually an indicator that the supply may be positioned for a turnaround. This creates the current price index of Rs 530-520 eye-catching for taking a long position.Given these specialized indications, the sell is highly recommended for getting within this price variety, along with an upside aim at of 600. To take care of threat properly, it is advisable to put a stop-loss at Rs 455 on a regular closing basis.Also Check out: Nifty IT index presents bullish pattern on charts check investing strategy below.Gujarat Ambuja Exports (GAEL).Over recent year, GAEL has set up a robust support level within the stable of Rs 130-132, undertaking a number of exams that have actually demonstrated its durability in the face of descending tension..Just recently, there has been a significant advancement as GAEL damaged over an irascible trendline that had constrained its own motion for the past 4-5 months, and especially, it has actually preserved this escapement. This advises a key shift in market sentiment towards the sell..On top of that, on the indicator front end, the every week Loved one Strength Index (RSI) has actually surpassed its personal rough trendline, signalling high drive in the short to medium phrase. Taking into consideration these technical clues, our experts have actually recommended traders and investors to start long positions in GAEL within the range of Rs 140-144..We have actually established an upside aim for of Rs 174, signifying our high expectation on the supply's possibility for recognition. To deal with threat, our experts highly recommend placing a stop-loss purchase near Rs 126 on a day-to-day closing manner, aiming to secure against damaging activities in the market.Laxmi Organics .Over the past 7-8 full weeks, Lxchem has been actually trading within a fairly slim variety of about Rs 235-270, signifying a duration of loan consolidation. However, the inventory just recently burst out of the range and also is actually currently installed near the Rs 280-mark, signalling a prospective shift in its trend.This escapement is particularly significant due to the fact that it has additionally violated an irascible trendline that has actually constrained the sell's activity for virtually 3 years alongside amount grabbing. The span of time it took for this outbreak to develop creates it a substantial event, suggesting a potential adjustment in the sell's long-term fad. Furthermore, the Loved One Stamina Index (RSI), a drive indication, has consistently stayed above the 50 degree throughout this period.This is a sign of stamina, indicating that even with the debt consolidation, the inventory has kept good drive. Looking at these technical variables, our team advise taking a long position in Lxchem within the price range of Rs 298-302. The upside target is actually set at Rs 340, showing the capacity for further increases observing the breakout. To handle risk efficiently, a stop-loss must be placed near Rs 280 on a daily closing basis. .( Please Note: Jigar S Patel is a senior supervisor of equity study at Anand Rathi. Views conveyed are his very own.).Initial Published: Aug 29 2024|6:51 AM IST.