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,
GRAPHITE trade ideas
Graphite India:- A nice rounding bottom formation!!CMP 265.85 ; grab this stock and ride over it for 280 trgt . stop could be 258 closing basis.
Graphite India: Buyers Still AggressiveI had highlighted this stock earlier . It has since appreciated by about 30% and going strong. Price action is constructive today after yesterday's volume spike.
I own shares in this company. Would add more today.
Graphite India: Breakout & RetestThis is an example of the simple concept of breakout & retest. Notice how price corrects hesitantly even as trading volume dries up. This is classic signature of a stock in an uptrend. Notice the breakout today with higher volume.
Everything suggests buyers are active in the stock. Keep it in your watchlist.
Graphite India - Long way to goAfter years of consolidation, stock has given a Breakout above 115-125 levels with Huge volume.
Currently wave (1) of elliott wave has started.
Any dips towars 115-120 levels is a buying opportunity.
