ShriramN

Rectangular Flag Breakout on Graphite

Long
NSE:GRAPHITE   GRAPHITE INDIA
Graphite has formed the rectangular up-flag. The chart was in a 3 weeks long consolidation. This consolidation was preceded by a rally of Rs .210. The price gave the breakout to the consolidation on 10th March 2021. I see the consolidation breakout preceded by a rally as a price pattern - Up-Flag. I estimate the price target at Rs .672. Stop Loss should be set at Rs .491.
Comment: ALERT: Book Profit on Graphite around 670.
Alert Date: 9th April 2021 Time: 10:11 a.m.

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