GRAPHITE INDIA LTD
Long
Updated

GRAPHITE INDIA: SHORT TERM BULL RUN EXPECTED

328
๐Ÿ“Š Graphite India - Technical Analysis - 02/02/2024

Current Status:

  • Closing Price: 562.10 ๐Ÿ“ˆ
  • Fibonacci Level: 0.786 ๐ŸŒ€


Yesterday's Trend:

  • Opening Price: Fibonacci Level 0.5 ๐ŸŒ€
  • Movement: Upward to 0.786 ๐Ÿ“ˆ
  • Signal: Parabolic SAR - Buy ๐Ÿ›’


Key Points:

Entry Point: 567.95 ๐Ÿšช
Resistance Level: If trades above 567.95 ๐Ÿ›‘
Target 1: 576.20 or 575.95 ๐ŸŽฏ
Stop Loss: 536.60 ๐Ÿ”ด / KEY FIBONACCI LEVELS

Recent Trends:

  1. Crossed 50-day MA on 30/01/2024 ๐Ÿ“ˆ
  2. Short-term Bull Run ๐Ÿ‚
  3. Increasing Volume ๐Ÿ“ถ



Indicators:

  • Static RSI: Middle Range โ†”๏ธ
  • MACD: Expecting Crossover ๐Ÿ”„
  • Stochastic RSI: Upper Band Strength ๐Ÿ’ช
  • Fisher 9: Bullish Trend ๐Ÿ“ˆ


Conclusion:

Recommended for short-term entry in the current volatile market ๐ŸŒช๏ธ๐Ÿ“Š


Disclaimer:

This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. ๐Ÿšซ๐Ÿ’ฐ๐Ÿ”
Hashtags:

#GraphiteIndia #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
Trade closed: stop reached

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