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.
NSE:GRAPHITE looks good in advance with Electric Vehicle segment getting ready with battery components.
All the reasons for the trade have been mentioned in the image
Looks like graphite has given a right upper break out. Ready to make a new higher range and for a short term rally.
Note: 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₹
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
1. GRAPHITE INDIA is entering into old boundaries as it gives a close above a crucial long term resistance and stock has formed rounding bottom creating a good base. 2. B/O @483 with more than avg Vol plus closing above it is a green signal. 3. If it sustains abv 483, G0 L0NG @480-490 TRG @553/616 SL @424
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
#graphite #swing Enter above 290 with 267 sl for 330-370
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.
Can do 210-223.. Sl 165 Views are for eductional purpose only
This is for Educational Purpose only Please do your own Study before Invest. Buy above 299 Target 308,317 SL 294
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
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...
I AM BEARISH ON THIS STOCK BASED ON MY ANLAYSIS AND SEE A SHARP CORRECTION COMING IN IT IN WEEK OR MORE