.3 minutes reviewed Last Improved: Aug 29 2024|6:55 AM IST.Borosil Renewables.Borosil Renewables has lately experienced a considerable cost downtrend after reaching its own optimal near Rs 573, losing around 87 aspects, which converts to a 15 percent drop. The sell has actually currently found support in the Rs 490-500 variety, which is a historically sturdy amount for the stock.This support zone is actually especially essential as it also accompanies the 200-day Simple Moving Normal (SMA), a crucial specialized indicator that usually acts as a solid degree of support.Additionally, the Relative Durability Mark (RSI) on the per hour chart is showing a bullish fork at this assistance degree, which is an indicator that the sell might be positioned for a change. This creates the current price levels of Rs 530-520 appealing for taking a long position.Given these technological signs, the supply is actually advised for acquiring within this cost variation, with an upside aim at of 600. To manage threat effectively, it is suggested to put a stop-loss at Rs 455 on an everyday closing basis.Also Review: Nifty IT index presents favorable pattern on graphes examination investing technique right here.Gujarat Ambuja Exports (GAEL).Over the past year, GAEL has actually set up a robust assistance level within the series of Rs 130-132, undertaking a number of examinations that have displayed its own durability despite descending stress..Lately, there has actually been actually a substantial growth as GAEL cracked above a rough trendline that had constrained its movement for the past 4-5 months, as well as notably, it has actually sustained this breakout. This proposes an essential shift in market view towards the supply..Moreover, on the clue front end, the every week Loved one Strength Mark (RSI) has surpassed its own rough trendline, signalling favorable energy in the short to tool phrase. Considering these technological clues, our experts have actually recommended traders and also investors to start long positions in GAEL within the stable of Rs 140-144..Our team have set an upside target of Rs 174, signifying our bullish overview on the sell's potential for appreciation. To manage risk, our company encourage arranging a stop-loss purchase near Rs 126 on an everyday closing manner, targeting to shield versus damaging activities out there.Laxmi Organics .Over recent 7-8 weeks, Lxchem has actually been trading within a pretty slim range of around Rs 235-270, showing a period of combination. Nonetheless, the sell recently broke out of the variation and is actually now placed near the Rs 280-mark, signalling a potential switch in its trend.This breakout is especially notable since it has additionally breached a rough trendline that has constrained the supply's action for nearly 3 years together with amount picking up. The size of time it took for this escapement to develop creates it a significant occasion, proposing a potential adjustment in the stock's lasting trend. Additionally, the Relative Durability Index (RSI), a drive indication, has consistently continued to be over the 50 level throughout this period.This signifies durability, showing that in spite of the consolidation, the sell has actually sustained good momentum. Looking at these specialized factors, our team encourage taking a lengthy position in Lxchem within the cost series of Rs 298-302. The upside aim for is evaluated Rs 340, demonstrating the possibility for more increases complying with the breakout. To deal with threat effectively, a stop-loss ought to be put near Rs 280 on a regular closing basis. .( Please Note: Jigar S Patel is an elderly manager of equity investigation at Anand Rathi. Perspectives revealed are his personal.).1st Posted: Aug 29 2024|6:51 AM IST.