.3 min reviewed Final Improved: Aug 29 2024|6:55 AM IST.Borosil Renewables.Borosil Renewables has recently experienced a substantial price downtrend after meeting its own height near Rs 573, losing around 87 points, which equates to a 15 percent drop. The stock has currently found assistance in the Rs 490-500 variation, which is an in the past solid degree for the stock.This help zone is specifically essential as it additionally accompanies the 200-day Simple Relocating Typical (SMA), a key specialized indicator that frequently acts as a solid degree of support.Additionally, the Loved one Toughness Index (RSI) on the per hour graph is actually revealing a favorable diversity at this assistance amount, which is actually an indicator that the sell may be actually positioned for a turnaround. This creates the present price levels of Rs 530-520 eye-catching for taking a long position.Given these technological indicators, the stock is actually recommended for acquiring within this rate assortment, with an upside aim at of 600. To deal with risk efficiently, it is a good idea to put a stop-loss at Rs 455 on a day-to-day closing basis.Also Check out: Nifty IT index shows favorable trend on graphes inspection trading tactic listed here.Gujarat Ambuja Exports (GAEL).Over the past year, GAEL has established a durable help amount within the range of Rs 130-132, undertaking multiple examinations that have actually demonstrated its durability when faced with downward pressure..Just recently, there has been a considerable progression as GAEL cracked over a bearish trendline that had actually constrained its own movement for the past 4-5 months, and significantly, it has actually preserved this outbreak. This advises a vital switch in market feeling towards the stock..Furthermore, on the indicator front end, the once a week Loved one Toughness Index (RSI) has actually exceeded its own bearish trendline, signalling high energy in the short to channel phrase. Considering these technical red flags, our team have recommended investors and investors to initiate long postures in GAEL within the variety of Rs 140-144..We have established an upside aim for of Rs 174, signifying our high overview on the sell's ability for respect. To deal with threat, our experts suggest arranging a stop-loss purchase near Rs 126 on an everyday closing basis, intending to safeguard against unfavorable motions out there.Laxmi Organics .Over recent 7-8 full weeks, Lxchem has actually been trading within a fairly narrow series of approximately Rs 235-270, indicating a time period of combination. Having said that, the supply just recently broke out of this selection as well as is right now set up near the Rs 280-mark, signalling a potential shift in its own trend.This escapement is especially notable due to the fact that it has additionally broken a rough trendline that has actually constrained the stock's action for nearly three years together with volume getting. The span of your time it considered this outbreak to occur creates it a notable event, suggesting a prospective improvement in the supply's long-lasting trend. Additionally, the Loved One Strength Mark (RSI), an energy red flag, has regularly stayed over the 50 degree throughout this period.This is a sign of toughness, signifying that in spite of the unification, the inventory has actually maintained positive energy. Taking into consideration these specialized aspects, our experts suggest taking a long position in Lxchem within the price range of Rs 298-302. The upside aim for is actually evaluated Rs 340, demonstrating the ability for more increases adhering to the escapement. To take care of threat successfully, a stop-loss needs to be actually put near Rs 280 on a regular closing basis. .( Waiver: Jigar S Patel is a senior manager of equity study at Anand Rathi. Views shown are his very own.).Initial Published: Aug 29 2024|6:51 AM IST.