.3 min read through Final Updated: Aug 29 2024|6:55 AM IST.Borosil Renewables.Borosil Renewables has actually lately experienced a substantial price downtrend after achieving its height near Rs 573, dropping around 87 aspects, which equates to a 15 per cent decrease. The sell has currently discovered support in the Rs 490-500 selection, which is actually a traditionally solid level for the stock.This assistance area is actually especially crucial as it also coincides with the 200-day Simple Relocating Average (SMA), a vital technical indicator that frequently serves as a solid degree of support.Additionally, the Family member Strength Index (RSI) on the by the hour chart is actually presenting a high diversity at this support degree, which is a sign that the inventory may be poised for a reversal. This creates the present price index of Rs 530-520 eye-catching for taking a lengthy position.Given these technical signs, the stock is highly recommended for acquiring within this cost array, with an upside target of 600. To manage risk efficiently, it is actually recommended to position a stop-loss at Rs 455 on a day-to-day closing basis.Also Check out: Nifty IT mark reveals bullish trend on charts check investing strategy below.Gujarat Ambuja Exports (GAEL).Over the past year, GAEL has actually established a sturdy assistance degree within the variety of Rs 130-132, undertaking multiple exams that have displayed its own strength in the face of down pressure..Just recently, there has been actually a considerable growth as GAEL broke over an irritable trendline that had constricted its action for recent 4-5 months, as well as significantly, it has actually sustained this escapement. This recommends a key shift in market view towards the sell..In addition, on the red flag face, the every week Family member Stamina Index (RSI) has exceeded its own crotchety trendline, signalling high momentum in the quick to tool term. Looking at these technological red flags, our team have actually encouraged traders and clients to trigger lengthy postures in GAEL within the series of Rs 140-144..Our team have actually prepared an upside target of Rs 174, showing our bullish overview on the supply's possibility for appreciation. To handle risk, our experts suggest placing a stop-loss purchase near Rs 126 on a daily closing basis, targeting to protect versus negative movements on the market.Laxmi Organics .Over recent 7-8 full weeks, Lxchem has actually been actually trading within a relatively slender variety of around Rs 235-270, suggesting a time frame of loan consolidation. However, the supply just recently broke out of this particular assortment as well as is actually now positioned near the Rs 280-mark, signalling a possible switch in its trend.This outbreak is actually particularly notable due to the fact that it has likewise breached a rough trendline that has constrained the inventory's movement for virtually three years together with quantity getting. The span of your time it took for this escapement to occur creates it a substantial event, suggesting a potential modification in the inventory's lasting fad. Furthermore, the Family Member Toughness Mark (RSI), an energy clue, has actually constantly continued to be over the fifty level throughout this period.This suggests stamina, indicating that regardless of the consolidation, the stock has actually preserved positive drive. Taking into consideration these technological aspects, our team advise taking a long position in Lxchem within the rate range of Rs 298-302. The upside target is actually set at Rs 340, demonstrating the potential for more increases observing the outbreak. To handle danger successfully, a stop-loss should be actually positioned near Rs 280 on an everyday closing basis. .( Waiver: Jigar S Patel is an elderly supervisor of equity investigation at Anand Rathi. Perspectives revealed are his own.).1st Posted: Aug 29 2024|6:51 AM IST.