.3 min read Final Updated: Aug 29 2024|6:55 AM IST.Borosil Renewables.Borosil Renewables has actually just recently experienced a substantial cost decline after reaching its own peak near Rs 573, shedding around 87 points, which equates to a 15 per cent reduce. The supply has now found support in the Rs 490-500 assortment, which is actually a traditionally sturdy amount for the stock.This support region is particularly important as it likewise accompanies the 200-day Simple Moving Typical (SMA), a vital technological indication that typically acts as a tough level of support.Additionally, the Family member Stamina Index (RSI) on the per hour chart is revealing a high divergency at this assistance degree, which is actually a sign that the stock might be actually poised for a turnaround. This makes the current price index of Rs 530-520 desirable for taking a long position.Given these technological red flags, the inventory is recommended for buying within this cost array, with an upside target of 600. To deal with threat effectively, it is actually wise to place a stop-loss at Rs 455 on an everyday closing basis.Also Read: Nifty IT index presents bullish fad on graphes inspection exchanging tactic listed here.Gujarat Ambuja Exports (GAEL).Over the past year, GAEL has actually developed a durable help degree within the series of Rs 130-132, undertaking several tests that have shown its resilience despite downward stress..Lately, there has actually been a substantial development as GAEL cracked over a loutish trendline that had actually constricted its motion for recent 4-5 months, as well as particularly, it has actually sustained this breakout. This recommends a basic shift in market feeling towards the stock..In addition, on the sign face, the weekly Family member Stamina Index (RSI) has actually surpassed its personal loutish trendline, signalling favorable momentum in the quick to channel phrase. Taking into consideration these technological red flags, our team have advised traders as well as clients to initiate lengthy postures in GAEL within the range of Rs 140-144..Our team have actually prepared an upside target of Rs 174, indicating our high overview on the stock's potential for appreciation. To deal with risk, our company highly recommend arranging a stop-loss order near Rs 126 on a daily closing manner, aiming to protect versus damaging activities in the marketplace.Laxmi Organics .Over recent 7-8 weeks, Lxchem has been actually trading within a reasonably narrow stable of around Rs 235-270, indicating a duration of debt consolidation. Having said that, the sell recently burst out of the selection and is right now installed near the Rs 280-mark, signalling a possible shift in its own trend.This breakout is especially notable because it has actually likewise broken a loutish trendline that has actually constrained the inventory's movement for nearly three years alongside amount picking up. The duration of time it took for this outbreak to occur creates it a substantial event, proposing a potential modification in the supply's lasting fad. In addition, the Relative Toughness Index (RSI), an energy sign, has regularly continued to be over the fifty amount throughout this period.This signifies durability, suggesting that in spite of the unification, the stock has actually preserved beneficial drive. Thinking about these technical aspects, we advise taking a lengthy placement in Lxchem within the price stable of Rs 298-302. The upside target is actually set at Rs 340, showing the possibility for additional gains following the outbreak. To deal with risk effectively, a stop-loss needs to be placed near Rs 280 on a daily closing basis. .( Please Note: Jigar S Patel is actually an elderly manager of equity study at Anand Rathi. Views shared are his very own.).Initial Published: Aug 29 2024|6:51 AM IST.