.3 min reviewed Final Upgraded: Aug 29 2024|6:55 AM IST.Borosil Renewables.Borosil Renewables has recently experienced a notable price downtrend after achieving its own top near Rs 573, dropping around 87 aspects, which converts to a 15 per cent drop. The stock has now discovered assistance in the Rs 490-500 array, which is a traditionally strong amount for the stock.This help region is specifically essential as it likewise coincides with the 200-day Simple Moving Typical (SMA), a crucial specialized red flag that usually functions as a powerful degree of support.Additionally, the Relative Stamina Index (RSI) on the per hour graph is actually showing a bullish divergency at this assistance level, which is actually a signal that the inventory might be positioned for a reversal. This creates the current price levels of Rs 530-520 attractive for taking a long position.Given these technological clues, the stock is recommended for buying within this price range, with an upside aim at of 600. To take care of risk properly, it is recommended to put a stop-loss at Rs 455 on a day-to-day closing basis.Also Review: Nifty IT mark presents favorable style on graphes inspection trading approach listed below.Gujarat Ambuja Exports (GAEL).Over recent year, GAEL has developed a durable help degree within the stable of Rs 130-132, going through numerous tests that have illustrated its own durability in the face of down pressure..Recently, there has been actually a significant advancement as GAEL broke over a bluff trendline that had constrained its motion for recent 4-5 months, and particularly, it has preserved this breakout. This recommends a key switch in market feeling towards the sell..Moreover, on the indication front, the weekly Relative Durability Mark (RSI) has surpassed its very own bearish trendline, signalling high energy in the brief to channel condition. Thinking about these specialized signs, we have suggested investors and also financiers to start long positions in GAEL within the variety of Rs 140-144..Our experts have actually established an upside aim for of Rs 174, showing our favorable overview on the sell's capacity for admiration. To manage risk, our company recommend arranging a stop-loss purchase near Rs 126 on a regular closing basis, aiming to defend against adverse actions in the market.Laxmi Organics .Over recent 7-8 weeks, Lxchem has been actually trading within a relatively slender stable of roughly Rs 235-270, suggesting a time frame of consolidation. Nevertheless, the supply just recently burst out of the range and also is actually right now set up near the Rs 280-mark, signalling a possible shift in its trend.This outbreak is actually particularly significant given that it has actually additionally violated an irascible trendline that has constricted the stock's activity for virtually 3 years together with amount getting. The size of your time it considered this breakout to occur makes it a considerable celebration, proposing a potential change in the sell's lasting fad. Also, the Loved One Toughness Index (RSI), a momentum red flag, has consistently stayed over the 50 level throughout this period.This is a sign of stamina, indicating that despite the unification, the stock has actually preserved positive momentum. Thinking about these technical elements, our company recommend taking a lengthy position in Lxchem within the price series of Rs 298-302. The upside aim for is actually evaluated Rs 340, demonstrating the capacity for more gains observing the outbreak. To manage threat properly, a stop-loss ought to be positioned near Rs 280 on a day-to-day closing manner. .( Please Note: Jigar S Patel is a senior supervisor of equity analysis at Anand Rathi. Sights revealed are his very own.).First Published: Aug 29 2024|6:51 AM IST.