Possible Multi-Bagger Opportunity
Graphite India is moving sideways in a big range and forming an ascending triangle, wave count is complete, but on the linear chart (caption image) Graphite India is forming symmetrical triangle and last wave is still incomplete. Good volume activity at the current price and last time stock was rangebound for similar interval before huge upside.
There are two possibilities: -
Breakout from here and one can buy at retest around 655.
Stock tests support again and best buying opportunity around 450-430.
Target ranging from 1140 (linear) to 3400 (log). Nothing is going to happen overnight; it will take time.
Always go with a logical stop loss for capital protection.
Graphite India is moving sideways in a big range and forming an ascending triangle, wave count is complete, but on the linear chart (caption image) Graphite India is forming symmetrical triangle and last wave is still incomplete. Good volume activity at the current price and last time stock was rangebound for similar interval before huge upside.
There are two possibilities: -
Breakout from here and one can buy at retest around 655.
Stock tests support again and best buying opportunity around 450-430.
Target ranging from 1140 (linear) to 3400 (log). Nothing is going to happen overnight; it will take time.
Always go with a logical stop loss for capital protection.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.