GRAPHITE trade ideas
Graphite Ascending Triangle BreakoutAs can be seen from chart, the stock has made an Ascending triangle breakout with exceptional candle and above average volume spurt.
Previously, it had made the sme type of pattern which can be seen as shown on to chart.
Intraday Long above 696 can give 707/718
Positionl long above 696 can give 745/780
GRAPHITE H&S PATTERN, BE CAUTIOUSA head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
A head and shoulders pattern is comprised of three component parts:
After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above the initial peak and declines again.
The price rises a third time, but only to the level of the first peak, before declining once more.
The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline.
An inverse or reverse head and shoulders pattern is also a reliable indicator that can also signal that a downward trend is about to reverse into an upward trend. In this case, the stock's price reaches three consecutive lows, separated by temporary rallies. Of these, the second trough is the lowest (the head) and the first and third are slightly shallower (the shoulders). The final rally after the third dip signals that the bearish trend has reversed and prices are likely to keep rallying upward.
Graphite Triple Bottom Triple bottom formation, strong bullish sign. Make your positions once RSI cross above 50. Positive Divergence is also observed.
GRAPHITE INDIA--> 15% downside possible The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
#GRAPHITEShall t take support before the line of control
if yes then t may form a lower low to empower further
Over all wave looks weak
Best levels 698 - 712.80 for pickup
May consolidate for about 10 daysWe are likely to see a directional movement by 5th July, if not earlier. The bearish shadow will go away by that time. 590 is the level to be watched out for support when any dip seeps in during the said period.
short term high gain!!!both bollinger band and rsi suggest a strong buy
buy at 653
targret - 1st target 698
2nd target 730
SEE THE MAGICS OF RSI
BELIEVE IN YOURSELF
Yes, but you didn't buy.When I told everyone to buy at 593, only a few listened and now they are having a laugh.
That's why I say only technical analysis, no hawabaazi.
Adding the link for my previous idea. Go and check it.
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GRAPHITE INDIA VERY STRONG !!Probably my third Graphite analysis but I cant get enough of this stock
graphite may try to breach highno profit booking happened at top
flowing in asymmetrical triangle
volume is contracting and as bearish move is not able to drag down
it can be right time to take position
GRAPHITE India can reach new heights !!GRAPHITE India can reach new heights if it respects the channel
