All clearGraphite has come out of the influence of bearish shadow this week and shall be good above 195. Intermediate target 420 by January end.
GRAPHITE trade ideas
GRAPHITE INDIA- BULLISH BREAKOUTGraphite 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 India in Ascending Channel - Mean reversion NSE:GRAPHITE Levels and explanation in the chart...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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GRAPHITE INDIA TARGET ACHIEVED SUCCCESSFULLYGRAPHITE INDIA WAS GIVEN ON 01OCT2020 AT
193 LEVELS FOR LONG TERM HOLDING BUT ACHIEVED THE TARGET
OF 305 IN JUST 79 DAYS.
HOPE YOU AL ENJOYED.
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Imminent break outThere is a possibility of imminent break out if Graphite is able to close above 295 on Monday and remans bullish for a couple of days. Support for the day is 270.50
GRAPHITE looks like Elliott WAVE formationGRAPHITE has retraced 61.8% retracement level, then continued rally and today it has given a breakout as well, 330 or 360 could be next stop if it is extended impulsive wave it can go upto 360 level. 5th wave may end up around 400 level. it has already given box breakout target levels.
Now you can buy graphite for good profit Graphite india is alredy hit 40% up side after completing lower side triangel pattern in just 3 days now what happen ? now i think Graphite India can go above 320rs in short term because of its making new pattern and it will fire in short term
Risky! Buy at your own risk!
Fibonacci as well as Inv. H&S
two points indicating upside.
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Next Move ( Developing New Trend ) This script is in the Beginning of Bull Market , as all you know the Market moves in series of psychological price stages ,
development never takes in straight line , it has all weather movements in it ,
If you are in the script then hold it as Positional in cash for a time frame of 6 Months , if you are not in it then all your buy should be based on long term prospective
one can take advantage of correction in case want to add in the Portfolio
Finally i suggest you to take look or Glance of Fundamental look for results or News and if price is in full Premium book partial at that given day or incident
Good luck
Graphite Ready For ActionGraphite impulse wave count gave trendline breakout with volume wave 3 target 400 and wave 5 would be 450+ long at current price 211 or dip towards 200 with STOP-LOSS 160
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Close above 291 will tell us if the move is consistentA daily close above 291 and remaining above the level will confirm if it has the requisite steam to make a worthwhile move
Graphite IndiaSudden spike in buyers interest in Graphite India. Clean chart without clutter. Looking promising going ahead.
GRAPHITE - POSSIBLE UPMOVEGRAPHITE KEEP ON RADAR
ACCUMULATION PERIOD IS ON
STOCK MAY SHOW GOOD UP-MOVE IN COMING DAYS
