.3 minutes reviewed Last Updated: Aug 29 2024|6:55 AM IST.Borosil Renewables.Borosil Renewables has lately experienced a significant cost downtrend after meeting its top near Rs 573, shedding around 87 factors, which translates to a 15 percent decline. The inventory has currently found support in the Rs 490-500 variation, which is actually an in the past tough amount for the stock.This support area is specifically significant as it also coincides with the 200-day Simple Relocating Typical (SMA), a vital technical red flag that usually serves as a tough level of support.Additionally, the Loved one Stamina Index (RSI) on the per hour chart is actually presenting a favorable divergence at this help amount, which is an indicator that the inventory may be actually poised for a change. This creates the existing price levels of Rs 530-520 eye-catching for taking a long position.Given these technical red flags, the stock is actually suggested for buying within this price variety, with an upside target of 600. To handle danger effectively, it is recommended to place a stop-loss at Rs 455 on a daily closing basis.Also Check out: Nifty IT index reveals high style on graphes check investing method listed below.Gujarat Ambuja Exports (GAEL).Over recent year, GAEL has actually established a strong help amount within the stable of Rs 130-132, undertaking multiple exams that have actually shown its own durability in the face of downward pressure..Lately, there has actually been actually a considerable growth as GAEL damaged above a rough trendline that had actually constrained its action for the past 4-5 months, and also particularly, it has sustained this outbreak. This suggests a vital switch in market view towards the sell..Furthermore, on the red flag front end, the weekly Loved one Stamina Mark (RSI) has exceeded its own irritable trendline, signalling bullish drive in the short to channel condition. Looking at these technological red flags, our team have urged investors as well as entrepreneurs to launch lengthy postures in GAEL within the series of Rs 140-144..We have set an upside target of Rs 174, suggesting our high overview on the supply's possibility for appreciation. To manage risk, our company recommend arranging a stop-loss purchase near Rs 126 on an everyday closing basis, striving to safeguard against damaging movements on the market.Laxmi Organics .Over recent 7-8 weeks, Lxchem has been actually trading within a relatively narrow stable of roughly Rs 235-270, showing a period of unification. Nonetheless, the supply just recently broke out of this variety as well as is actually now installed near the Rs 280-mark, signalling a possible shift in its trend.This escapement is actually specifically popular given that it has likewise broken a crotchety trendline that has actually constrained the inventory's motion for almost 3 years along with amount getting. The size of time it took for this escapement to occur creates it a significant event, proposing a prospective modification in the sell's long-lasting pattern. Also, the Family Member Toughness Index (RSI), a momentum clue, has continually stayed above the fifty degree throughout this period.This suggests strength, suggesting that in spite of the consolidation, the inventory has actually sustained favorable drive. Considering these specialized factors, our company advise taking a long setting in Lxchem within the rate series of Rs 298-302. The upside target is actually evaluated Rs 340, mirroring the ability for additional gains adhering to the escapement. To deal with risk successfully, a stop-loss ought to be actually put near Rs 280 on an everyday closing manner. .( Please Note: Jigar S Patel is a senior manager of equity analysis at Anand Rathi. Sights shown are his personal.).First Released: Aug 29 2024|6:51 AM IST.