GRAPHITELooks like graphite has given a right upper break out. Ready to make a new higher range and for a short term rally.
GRAPHITE
Graphite India bullishGraphite broken flag and pole pattern with a gd volume, making it bullish.
#positional
Buy graphite at 512
Tgt: 550, 600, 660+
Sl: 460
Time frame: 2-3 months
Graphite India - Breakout from accummlationNote: This is for educational purpose only.
There seems to be a bullish breakout post accumulation. There are rise in volumes whenever price tried to move up. RSI at 68 indicates bullish momentum.
SL: 449₹
Target 1 (38%) achieved in 2 Weeks (Power of Breakouts) Trade ONThis is follow-up on Graphite India. Can check link to related ideas.
Target 1 achieved in 2 weeks. More than 38%. Trade is ON.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Breakout in Graphite India...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
GRAPHITE INDIA 1. GRAPHITE INDIA is entering into old boundaries as it gives a close above a crucial long term resistance and stock has formed rounding bottom creating a good base.
2. B/O @483 with more than avg Vol plus closing above it is a green signal.
3. If it sustains abv 483,
G0 L0NG @480-490
TRG @553/616
SL @424
#Graphite #SwingGraphite India is trying to break the resistance zone after breaking long term Trendline in December. Good for swing above 340 for a target of 384 easily
GRAPHITE INDIA- BULLISH BREAKOUTGraphite India
Graphite India being very niche stock. Demand for Graphite is rising in China and the international market. Strong support at 150. A big bullish trend can be expected.
CMP - 268.5
Target - 328
Support - 150
Type of Trade - Swing
Duration - 2-4 Months
GRAPHITE - POSSIBLE UPMOVEGRAPHITE KEEP ON RADAR
ACCUMULATION PERIOD IS ON
STOCK MAY SHOW GOOD UP-MOVE IN COMING DAYS
GRAPHITE - Inverse Head & Shoulders pattern breakoutNote: This is for educational purpose only.
There seems to be a formation of Inverse Head & Shoulder bullish breakout with ultra high volume. Moreover, RSI above 65 indicates high bullish momentum.
GRAPHITE up or down?Touched all time high of 900 twice. Last swing touched 900 and then gave a lower high. After that again gave lower high forming a triangle pattern. Expecting price to breach the red line (2) and explode to upside retesting 900. We can wait for the retrace after this move and see if green line (2) is respected. If so we can take a position to the upside. However, if on the retrace green line (2) gets breached then we can look for an exploding move to the downside. So no positions for now, watch the movement and by next swing make a decision (ETA one week).
