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.
On weekly chart Cup & Handle Formation and also near to Trendline breakout On Daily and Weekly Chart
Also recent volume coming
Buy above 585/590 levels on closing basis, for positional targets of 630/650/660
keep SL of below trendline on closing basis.
Above levels are for education purposes only
Do your own analysis before taking...
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
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Graphite India is among top 5 Graphite manufacturers globally. It enjoys good easy demand and that it is expected to continue enjoying the same. With climate control steps being increasingly taken by manufacturing countries, use of Graphite is expected to grow consistently, as graphite oriented metal processing creates far less hazardous gases.
Graphite India - Long
Target: ₹ 523
Buy & Accumulate Zone: 400-430
Support: ₹ 400
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I am NOT a SEBI registered consultant/Advisor. It...
To the best of my sight, there's a clear downward trend since may this year, supported by head & shoulders.
Scrip's trading very close to MA 200 support levels.
If it crosses the support level, which seems possible, It could slide down to 485-489 levels.
However, If the coming quarter favors the company along with market's positive reaction thereto, Stock might...
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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