Graphite India Technical View
-After consolidating for almost 50+ days, Graphite India gave a fresh breakout.
- High volumes
Long view after breaking high of breakout candle with candle low as stop loss.
Only For Learning, Keep on radar.
Happy Trading.
Graphite india looking bullish
It is farmed flag and pole pattern and retested good demand zone
Good time to invest in this stock
Stop loss is also very small@ 494
My first target@600
Second target@700
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
As per chart on daily and weekly basis, the stock has crossed recently 578 hurdel and trading at 586, fresh leg of move just started, MACD point of view the stock can move 800 level in coming days, 20% circuit can also be expected, so one can look for the trade with strict stoploss 560.
Graphene is highly used in Lithium Ion batteries. Graphite India is operates graphite mining activities. Demand has already come but prices still tend to accumulate. Can be rewards some in mid term journey.
Disc - Invested
Stock is trading at 555.
It is making a inverse head n shoulder pattern on a weekly time frame.
Breakout Confirmation is still pending.
Midterm target will be 644/740/825
This is for educational purpose. Not a buy/sell recommendation.
Metal sector is buzzing in trade as there is depreciation in dollar. Graphite India has breakout from inverse H&S pattern and showing strength with good volumes. Good to go long at current levels with risk @ 540.
The stock is exhibiting positive technical signals by trading above both the 20-day and 50-day Exponential Moving Averages (EMA). This suggests that the stock is experiencing upward momentum in the short and medium term. The crossover of the 20-day EMA above the 50-day EMA may indicate a potential bullish trend. The relatively low Price-to-Earnings (PE) ratio of...
The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
