Graphiteindia
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.
Graphit India LongThis is for Educational Purpose only Please do your own Study before Invest.
Buy above 299
Target 308,317
SL 294
Graphite Target T1: 320; T2: 338; T3: 376 Long Term Call! may be 3 months
After Graphite already invalidating the lowest low @265 and further closing the completion of prolonged correction presently, it looked all set for Targets T1: 320; T2: 338; T3: 376
Graphite India: Positive Divergence - Investment (3)Fundamentally: Strong and Undervalued
P/E: 2.38
BV: 274
P/BV: 1.54
Debt to Equity: 0.04
Consistent profit growth of 51% for last five years.
Stock shall move upto 2-3 times of it book value, indicating a price range of 550-750 in coming year ahead.
Technically: Recovery from downtrend
Positive Divergence observed on the chart, indicating an upside from current levels to target of 600-700, with SL 400.
Graphite India: Buyers Still AggressiveI had highlighted this stock earlier . It has since appreciated by about 30% and going strong. Price action is constructive today after yesterday's volume spike.
I own shares in this company. Would add more today.
Graphite India: Breakout & RetestThis is an example of the simple concept of breakout & retest. Notice how price corrects hesitantly even as trading volume dries up. This is classic signature of a stock in an uptrend. Notice the breakout today with higher volume.
Everything suggests buyers are active in the stock. Keep it in your watchlist.
