Graphite India in Bullish Wolfe Wave. As this analysis has been done in weekly time frame so having patience is advised for the target and return.The Rate Of Change has been customised for a better fit. The ROC indicates the initiation of a uptrend. However, the major up move is expected for 587 when the stock closes above 418 on Weekly basis. So it is advisable to venture into this trade after a proper confirmation.
If we closely look at the stocks in Graphite & Carbon Segment majority of the stocks are bottoming out or in uptrend. In Graphite & Carbon Segment 1.HEG & 2. PANCARBON has some bullish sign as well. One can focus on these two stocks as well apart from Graphite India for good returns.
CHART & ANALYSIS
ADARSH KUMAR DEY
If we closely look at the stocks in Graphite & Carbon Segment majority of the stocks are bottoming out or in uptrend. In Graphite & Carbon Segment 1.HEG & 2. PANCARBON has some bullish sign as well. One can focus on these two stocks as well apart from Graphite India for good returns.
CHART & ANALYSIS
ADARSH KUMAR DEY
