Exactly after two years Graphite has been able to conquer Mount 500. Crossed a short term resistance today and if the bullishness continues, the next intermediate term target will be 620.
Buy Above 4832
with Higher High or closing basis
short below 4793
with Lower low or closing basis
Stop loss & Target according to your risk management
You may follow the smart money flow indicator for signals , after buy/sell signal wait for the formation of swing high /low with fractal
symbol above or below the candles for confirmation
Buy above : 2213
Stop Loss Nearest Swing Low
taking support at moving average , seems to be a retest
The buy level is derived from WD Gann
Note : for educational purpose only, before investing consult your FA
BERGEPAINT | Bullish Possibility
The stock is trading in the zone of Cube number 729 | Last two consecutive days, closed near 729
Consolidating between Gann 1x1 and 2x1 angles since 9-Feb-2021
Vertically bounced from Gann support level 682 which coincides with Gann 1x1 angle
V-shaped reversal in RSI | RSI broken out above consolidation range
...
Kind of social distancing... NIFTY trying to disconnect its correction wave with USA Indices for march fall. ( Correction speed reduced not avoided )
Let us OBSERVE.
Buy above 4726
with Higher High or close above level with High Vol. and green Candle only
Short below 4697
with Lower Low or close below level with High Vol & red candle only
Note : this is for educational purpose only. These levels are derived from WD Gann
The level of 35617 is important level derived from WD Gann as well a supply & demand zone .
Technical indicator showing a bearish pattern with descending Triangle following Narrowing Wedge.
