CapitalViaGlobal

Rectangle pattern breakout in Graphite daily charts

Long
NSE:GRAPHITE   GRAPHITE INDIA
NSE:GRAPHITE is looking more bullish from current levels as It formed a rectangle price pattern on daily chart , Breakout of the same from the Price of 520-524 may lead the price of the stocks to the level of 680-700 in the near term. Stop levels for the stocks is below 458. Delivery Percentage of the same from Last one months gained nearly 7% and One day delivery volume is 203% more than average volume of last 5 days.
Trade closed: stop reached: SL hit Graphite
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