GRAPHITE trade ideas
Good opportunity to enterThere is a possibility that Graphite may see a level in the range of 940-950 in the coming week. This can be utilized for entry point.
In solid bullish trendThe stock has formed a channel and the range of the chart movement in the channel is 980-1150, which will be short term range. 1/2 angle support for the ascending Gann fan is at ~1160 ( variable on progressive basis) which will act as a support in case of any fall back and 1/3 line resistance is seen to be in the range of 1350-1550, which will form the medium term target.
Down move with decreasing volumesDecreasing volumes during down move hints this stock may turn up in few days.
GRAPHITE up or down?Touched all time high of 900 twice. Last swing touched 900 and then gave a lower high. After that again gave lower high forming a triangle pattern. Expecting price to breach the red line (2) and explode to upside retesting 900. We can wait for the retrace after this move and see if green line (2) is respected. If so we can take a position to the upside. However, if on the retrace green line (2) gets breached then we can look for an exploding move to the downside. So no positions for now, watch the movement and by next swing make a decision (ETA one week).
#GRAPHITETop is confirmed
2 Red Strength Candles
CCI-34 W crosses below 100
The stock to move sideways
unless moves > 907.80 with strength
Next resistance is at 871.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,
Graphite Symmetrical Triangle Formation if breakout happens it can give another 350 points. My personal view
GRAPHITE INDIA: OLD IS GOLDGraphite India is old economy stock having very good dividends payout track record.
Trend is Bullish now & it is trying to come out above ichimoku clouds which will give us confirmation of bullish trend. It is above all simple moving averages now. Aggressive traders can take position at current price of 76.50 to 78 for medium term targets of target 1: 90 target 2: 95 target 3: 105 with strict stop loss of 72
Fundamentally graphite is also good for long term investment & one can expect level of 130 in long term.
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Disclaimer : The stock picks are purely a view point of individual and there is no guarantee on the returns. Hence all the visitors are requested to apply their prudence and consult their financial adviser before acting on any of the recommendations by this any of its mode. I do not take responsibility of any losses incurred (if any) by acting on the recommendations.
Long term investment bet: Graphite IndiaBuy Graphite India for long term at current levels
CMP: 775rs
P/E: 29.25
EPS: 26.71
P/B: 6.74
This stock is poised to reach 1000 levels before May 2018 itself
Do not miss the dream run towards 1500 levels by 2018 end or 2019 mid
Happy Investing!
Graphite : Seems Bullish for Targets of 1k ... {Bullish}Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
GRAPHITE Is it a fresh leg of Rally Starting in Graphite India?
Risk Takers buy this with SL of close below 440
Target 500/521 and more
pullback in graphite india expectedpullback in graphite india expected from 450 it will pullback at 480 levels expected
Buy at CMP 325Breakout with good volume at CMP 325, Stock can accumulate between 310-325 for 375 target.
graphite looks bullish in short termIn longer time frame it is in strong uptrend.
In daily, it is at the support of ascending channel support. It is likely to move towards the channel resistance.
sl - 248 tgt1 - 275, tgt2 - 290,
