Graphite India cmp 521.60 by Monthly Chart view*Graphite India cmp 521.60 by Monthly Chart view*
- Support Zone 455 to 490 Price Band
- Stock Price is well above the EMA 21, 50, 100, 200
- Stock Price has tested retested Support Zone well enough for Fresh Breakout
- Weekly Support at 445 > 380 > 310 with Resistance at 595 > 670 > 740 > ATH 815.90
- *Monthly Stock Chart indicative of good probability for a Fresh Upside Breakout basis Multiple Test Retest of the Support Zone*
GRAPHITE
GRAPHITEGRAPHITE seems good above 625... 625 is a hurdle... Once it crosses above this may attracted towards 800 levels
Graphite India Ltd - Breakout OpportunityDate : 24-Sep-2024
LTP : Rs. 598.15
Resistance Levels: (R1) Rs. 709 --> (R2) Rs. 815
Support Levels : (S1) Rs. 495
Technical View:
• NSE:GRAPHITE is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 709.40 on 25-Apr-2024, it has retraced 32% to 485.15 level.
• NSE:GRAPHITE has breakout from it's secondary downtrend with higher than average volume. Breakout is also supported by increased volume in last few sessions.
• NSE:GRAPHITE is trading above both 20 DMA and 50 DMA since last few sessions. 20 DMA has crossed over 50 DMA on 23-Sep-2024.
• RSI is trading at 70.65. MACD is trading at 15.70. Both MACD and RSI is showing positive momentum.
• Looking good for a new swing from here.
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Just A View - GRAPHITE📊 Script: GRAPHITE
📊 Sector: Capital Goods-Non Electrical Equipment
📊 Industry: Electrodes - Graphites
Key highlights: 💡⚡
📈 Script is trading near at Neckline of Double Dottom on Monthly Chart.
📈 One can go for Risky Swing Trade for 66 points till resistance which is 755.
📈 Safe trader can buy only above 755.
BUY ONLY ABOVE 755
⏱️ C.M.P 📑💰- 688
🟢 Target 🎯🏆 - 939
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Graphite India - Rounding Bottom Break Out At the Resistance area once above 660 will open up for 1040
Rounding bottom pattern breakout
Support / SL : 525
Graphite. Breakout stockInverse head and shoulder Break out and retest confirmation on weekly chart. W pattern on daily chart.
Buy price: 630
Follow base Trent line as stop loss.
Graphite - Any Dip is a Buy opportunityStrongly forming Higher High,
RSI confirns the Strength of Upmove.
Triangle Pattern Breakout on Strong Candle Basis.
Good to Hold for #shortterm to #longterm.
Have your own analysis and maintain your RISK REWARD!
GRAPHITE INDIA LOOKING GOOD FOR LONG Graphite India looking good for long, there is long time trend line break and seems W pattern emerging.
Graphite breakout on a weekly timeframeThe stock is exhibiting positive technical signals by trading above both the 20-day and 50-day Exponential Moving Averages (EMA). This suggests that the stock is experiencing upward momentum in the short and medium term. The crossover of the 20-day EMA above the 50-day EMA may indicate a potential bullish trend. The relatively low Price-to-Earnings (PE) ratio of 11.76 compared to the sector is a positive fundamental aspect. This could indicate that the stock is attractively valued, potentially presenting an opportunity for investors. However, it's essential to consider other fundamental factors and industry dynamics that might be influencing the PE ratio.
The breakout on the weekly timeframe is a significant technical development. Weekly timeframes are often used by traders and investors to identify longer-term trends. Confirming the breakout with increased trading volumes on the weekly chart would provide additional validation of the new trend direction.
GRAPHITE - Weekly chart, Reversal SetupThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Graphite India Limited - Long Setup, Move is ON...#GRAPHITE trading above Resistance of 494
Next Resistance is at 615
Support is at 344
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Graphite India Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
GRAPHITEGRAPHITE:- Wait for breakout, upside movement may be seen
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
GRAPHITE - For Swing or Short termGraphite is looking good for swing or Short term.
More Strength above 425
Weak below 400
About Comapany :-
Graphite India Limited manufactures and sells graphite electrodes, and carbon and graphite specialty products in India and internationally. The company operates in two segments, Graphite and Carbon, and Others. It offers a range of graphite electrodes with various diameter and power for AC and DC furnaces. The company also provides extruded graphite in the form of rods and blocks, mini rods, graphite tubes, heat exchanger tubes, molded mold and isostatically moulded graphite, machined components of carbon and graphite, carbon graphite/bricks, and carbon composites/brake discs. In addition, it offers calcined petroleum coke, carbon electrode paste, graphite granules and fines, and carbonaceous materials to aluminum, steel, ferro alloy, and foundry castings industries; and impervious graphite heat exchangers, which are used as condensers, coolers, heaters, re-boilers, evaporators, interchangers, and graphite columns for distillation, absorption and scrubbing, ejector systems, and centrifugal pumps. Further, the company provides HCl synthesis and dry HCl gas generation units, and H2SO4/HCl concentration and acid dilution cooling units; bursting discs, thermos-wells, pipes, and pipe fittings; glass fiber reinforced plastic pipes, joints, and fittings; and high speed, alloy tool, and powder metallurgy steels for cutting tools. Additionally, it generates and sells electricity through a hydel power plant. The company was founded in 1962 and is headquartered in Kolkata, India. Graphite India Limited is a subsidiary of Emerald Company Private Limited.
GRAPHITE INDIA for 15% (approx..) GainGRAPHITE INDIA is for more than 15% . This trade is purely based on volume and support. volume is continuously increasing. This is a different way of trading based on volume. One can execute this. Don't forget CMP is trading below 200 EMA and the result coming.
CMP : 330
TG : 390
SL : 9 day EMA
R/R : 3 times (Risk to Reward)
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55-EMA, RS<0, MACD, RSI & Super trend up.
4: Fundamental : PE, Industry & peer PE and sector performance.
5: Timing : Entry Timing on 2 hour chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk. Please consult your financial adviser before taking any decision.
GRAPHITE - Ichimoku Bullish Breakout Stock Name - Graphite India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 381
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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GRAPHITEGRAPHITE:- Ascending triangle pattern formed, breakout given, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Trendline Breakout in Graphite India Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
The prince is taking support at a historical level The prince is taking support at a historical level. Daily chart is indication an RSI reversal.
Please comment with your opinion/analysis as well.
Please take the trade as per your risk apatite. I'm a stock market learner.
GRAPHITE INDIAWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Graphite India taken support @ .618Graphite India taken support @ .618
Grpahite vs HEG ..pattern looks almost same...
In Q3FY22, Graphite India registered net sales of Rs 880 crore, up by 76 per cent year-on-year (YoY) and 27 per cent QoQ basis. The sales growth was driven by both higher volumes and realizations.
Graphite Daily channel breakout!Graphite Daily channel breakout!Graphite Daily channel breakout!Graphite Daily channel breakout!
support zone 456 @ .5 FIB Levels
weekly cup anbd handle
