I AM BEARISH ON THIS STOCK BASED ON MY ANLAYSIS AND SEE A SHARP CORRECTION COMING IN IT IN WEEK OR MORE
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 expected from 450 it will pullback at 480 levels expected
GRAPHITE Holding 310 can target 340,348,355,392
Breakout with good volume at CMP 325, Stock can accumulate between 310-325 for 375 target.
In 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,
CMP 265.85 ; grab this stock and ride over it for 280 trgt . stop could be 258 closing basis.
I 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.
This 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.
After 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.
Rreason. Exhaustion of price and time correction. Timeframe : By 7th Septmber.