Graphite 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
Note: 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.
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,...
Buy Graphite India for long term at current levels
CMP: 775rs
P/E: 29.25
EPS: 26.71
P/B: 6.74
This stock is poised to reach 1000 levels before May 2018 itself
Do not miss the dream run towards 1500 levels by 2018 end or 2019 mid
Happy Investing!
