Graphite India to give easy 800 Target NSE:GRAPHITE reversed from the channel it has been correcting in.
It now continues in the channel of Upward momentum.
Aim for Rs820 as a potential Target.
Graphiteindia
IS GRAPHITE INDIA READY FOR TREND REVERSAL? 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 - Positive Technical moveGraphite 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.
Technicals:
On Weekly Chart, Graphite India is giving three positive indicators M pattern break out from trough region, positive RSI divergence and Inside Bar Breakout.
Cautious level to be seen on this counter is at around 400, otherwise it is a kind of buy on dips as its financials have also started improving hugely.
I am not a SEBI registered analyst and this is just an educational purpose study for own perusal. Please note that, out of all the studies that I am giving, I may or may not be holding positions at any given time, because I am not a long term investor.
Graphite indiaGraphite India if breaks the channel an fly towards 625 quickly, else below 490 will confirm its stay with on the channel
Graphite India - LongGraphite India - Long
Target: ₹ 523
Buy & Accumulate Zone: 400-430
Support: ₹ 400
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Graphite India Ltd. - Technical Analysis.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 bounce back.
GRAPHITE Bullish trend alert GRAPHITE:-
1.wait to confirmation target 2 for target 1 breakout
2. supply/ demand zone breakout
3. after u can expert big rally
GRAPHITE INDIA LONGOPEN CHART FOR DEATILED ANALYSIS
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GRAPHITE INDIA--> 15% downside possible The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
Yes, but you didn't buy.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.
Adding the link for my previous idea. Go and check it.
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Graphite India looks bearish The analysis is given on the chart
Comment if you have any query and if you like my analysis, don't forget to press the like button.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
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Graphite India and HEG 5x since last lockdown!NSE:GRAPHITE and NSE:HEG has given stellar returns since 23rd March 2020 till date. Journey still continues as they are as hot as Steel segment gets HOT !
And further will continue after a correction (when steel gets cold) due to Electric Vehicle battery component demand.
Graphite India looks bullish still !NSE:GRAPHITE looks good in advance with Electric Vehicle segment getting ready with battery components.
GRAPHITELooks like graphite has given a right upper break out. Ready to make a new higher range and for a short term rally.
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₹
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.
