Graphite India - LongGraphite India - Long
Target: ₹ 523
Buy & Accumulate Zone: 400-430
Support: ₹ 400
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GRAPHITE
Graphite, buying pressure around lower median lineGraphite 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 line. Price penetrating and closing below the lower median line of the pitchfork on consecutive days will mean the idea has failed.
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FY21-22 Swing Trade Idea #140:: Long on GRAPHITEThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Graphite Ascending Triangle BreakoutAs 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
HEG breakoutHeg 2018 July high was made ever since this level isn't broke.But current MMT policy coupled with commodity uprise has left heg in an optimistic position where it can break this historic trend line and finally reach at its all time high. As you know metal sectors are at all time high can lead this graphite stock reach are predominant levels
Target 2 (96%) achieved. Target 3 is ONThis is follow-up on Graphite India. Can check link to related ideas.
Target 2 achieved. More than 96%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Rectangle pattern breakout in Graphite daily chartsNSE:GRAPHITE is looking more bullish from current levels as It formed a rectangle price pattern on daily chart, Breakout of the same from the Price of 520-524 may lead the price of the stocks to the level of 680-700 in the near term. Stop levels for the stocks is below 458. Delivery Percentage of the same from Last one months gained nearly 7% and One day delivery volume is 203% more than average volume of last 5 days.