looking for supportit might find support at 728.6, it is broken, then next support is in around 704!
GRAPHITE trade ideas
Consolidaing. Very strong long term 1/1 support exists at 782. Presently the stock is consolidating. I expect the stock to touch 800 in ten days time.
Graphite near important support-watch out NSE:GRAPHITE
Near important support, if breaks then more downside is seen. Be cautious.
May consolidate till mid JanuaryLong term support is at 723 and resistance is at 845. However in the short term perspective, I expect the stock may see a low of 788 tomorrow and consolidate till January 10th unless bullishness returns for any up move.
Graphite IndiaIf you still own this stock, it is at an absolute critical level.
If it breaks below its going to be a powerful move down. Be cautious.
GI may see a low of 858Using the retracement bearish point of Q1 as a base for the Gann Fan, we may see a low of 858 and hoping for target of 1320.
very good sign in one hour chart go long up to 950very good sign in one hour chart go long up to 950
Graphite on support around 935 levelsHopefully we should see upside this week with long rally with a target of 1320 levels before Dec 10th.
Taken a bearish stanceThe stock has taken a bearish stance. Will turn bullish above 1042, immediate support 875, strong support is at 838
GRAPHITE Inside Bar Tradeit made an inside bar in weekly and in daily made an outside bar in daily so long it if PDH is broken with a stop loss at PDH
Breakout close byIt is possible that we will see some sort of breakout after 6th November 14:15 pm. If it is to occur earlier, it will happen if it closes above present resistance around 1040.
Did well today with an UCTo cross 2/1 resistance angle, it has to close tomorrow above 1025.30 on closing basis.
#GRAPHITEDaily Retracement from 61.8 Fibo Level with strength
CCI(M) > 100
Weekly Bottom is confirmed
Retracement from Gap Zone
SL 765
Waves (1) and (4) overlap, elliot waves cancelled
Fresh wave can start at 61.8 fibo level to form (3)
till 1245 / 1359
Consolidating/ down trendSupport is at 840, resistance is at 1016, if it is able to cross on closing basis and remains bullish then target is 1190
Graphite bullishThe way Graphite is moving, next 1/2 resistance will be met at around 1000. Very strong 1/1 ascending angle support exists at 830.
Turned bullishLong 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
