Strongly 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!
The 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...
GRAPHITE 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...
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...
Graphite India in Bullish Wolfe Wave. As this analysis has been done in weekly time frame so having patience is advised for the target and return.The Rate Of Change has been customised for a better fit. The ROC indicates the initiation of a uptrend. However, the major up move is expected for 587 when the stock closes above 418 on Weekly basis. So it is advisable...
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.