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
Long term 2/1 angle support was not breached on closing basis and the stock returned from there. Intermediate term target is about 1150 with no major resistance in between
Graphite: Monday we may see a bottom of 968, if channel is not broken. 1/1 line is at 1047.60 and the stock will go to bullish mode once the 1/1 line is crossed
If 871 is crossed as well as the stock goes past 889, it will have crossed the bearish shadow formed due to the top formed on 04.01.2018 at 909 and will be in an unchartered territory,
BSE
