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.
Wait 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...
Graphite 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 India - Long
Target: ₹ 523
Buy & Accumulate Zone: 400-430
Support: ₹ 400
Trade and Invest Wisely with your own knowledge! Good Luck!
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Graphite made a strong bullish engulfing candle on good volume after consolidating for last few days around the lower median line of the pitchfork.
1. price is above long term moving average of 200SMA ✔
2. Price is not above short term moving average of 50 SMA ❌
3. Uptick in RSI ✔
4. bullish MACD signal✔
5. above average volume✔
Target is the central median...
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As can be seen from chart, the stock has made an Ascending triangle breakout with exceptional candle and above average volume spurt.
Previously, it had made the sme type of pattern which can be seen as shown on to chart.
Intraday Long above 696 can give 707/718
Positionl long above 696 can give 745/780
When I told everyone to buy at 593, only a few listened and now they are having a laugh.
That's why I say only technical analysis, no hawabaazi.
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