.3 min read through Last Upgraded: Aug 29 2024|6:55 AM IST.Borosil Renewables.Borosil Renewables has actually recently experienced a significant cost downtrend after meeting its peak near Rs 573, shedding around 87 aspects, which translates to a 15 per cent decrease. The supply has actually now discovered support in the Rs 490-500 variation, which is a historically solid degree for the stock.This assistance zone is actually especially important as it additionally accompanies the 200-day Simple Moving Typical (SMA), an essential specialized sign that typically serves as a sturdy amount of support.Additionally, the Relative Strength Mark (RSI) on the hourly chart is revealing a bullish divergence at this support degree, which is a sign that the sell may be actually poised for a turnaround. This makes the current price index of Rs 530-520 attractive for taking a lengthy position.Given these specialized signs, the supply is actually suggested for purchasing within this rate variety, along with an upside intended of 600. To manage threat effectively, it is wise to place a stop-loss at Rs 455 on a regular closing basis.Also Review: Nifty IT mark shows high trend on charts check trading tactic below.Gujarat Ambuja Exports (GAEL).Over recent year, GAEL has actually set up a robust help amount within the range of Rs 130-132, going through numerous examinations that have illustrated its strength when faced with down pressure..Just recently, there has actually been a considerable development as GAEL broke over a rough trendline that had constricted its own motion for the past 4-5 months, and also notably, it has maintained this escapement. This recommends a key change in market conviction in the direction of the inventory..Moreover, on the red flag front, the regular Family member Durability Index (RSI) has actually surpassed its own rough trendline, signalling bullish energy in the quick to tool term. Thinking about these technological indications, we have urged investors and real estate investors to start lengthy placements in GAEL within the stable of Rs 140-144..Our experts have established an upside aim for of Rs 174, indicating our high expectation on the inventory's capacity for recognition. To deal with risk, our experts highly recommend placing a stop-loss order near Rs 126 on a regular closing basis, intending to safeguard versus unpleasant activities on the market.Laxmi Organics .Over the past 7-8 weeks, Lxchem has been actually trading within a pretty narrow stable of about Rs 235-270, indicating a time frame of debt consolidation. Nevertheless, the inventory recently broke out of the array and is actually right now placed near the Rs 280-mark, signalling a prospective shift in its own trend.This outbreak is actually specifically significant given that it has additionally broken an irascible trendline that has actually constrained the supply's movement for almost 3 years along with quantity grabbing. The duration of your time it took for this outbreak to happen makes it a notable occasion, proposing a prospective improvement in the supply's lasting fad. Also, the Family Member Strength Mark (RSI), a drive red flag, has actually constantly continued to be over the fifty degree throughout this period.This suggests toughness, showing that in spite of the consolidation, the supply has maintained favorable momentum. Thinking about these specialized variables, we advise taking a long setting in Lxchem within the rate range of Rs 298-302. The upside aim for is actually set at Rs 340, reflecting the capacity for further gains observing the breakout. To take care of threat successfully, a stop-loss needs to be actually put near Rs 280 on an everyday closing basis. .( Please Note: Jigar S Patel is actually a senior manager of equity investigation at Anand Rathi. Views expressed are his very own.).1st Published: Aug 29 2024|6:51 AM IST.