GRAPHITE INDIA NSE:​GRAPHITE

Chart https://www.tradingview.com/x/g2IDQFG6/

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, ...

We may see a weekly low of 740

Top is confirmed 2 Red Strength Candles CCI-34 W crosses below 100 The stock to move sideways unless moves > 907.80 with strength

Decreasing volumes during down move hints this stock may turn up in few days.

Support for Graphite exists at 830

Symmetrical Triangle Formation if breakout happens it can give another 350 points. My personal view

Buy 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!

Everything explained on the chart...

Levels explained in the chart

Dear All , Everything is mentioned Over the Chart ... Good Luck !!!

Graphite triangle breakout or breakdown??

Bull C > 779.6 and H > 788 with strength Bear C < 760 and L < 742 with strength

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

Breakout with good volume at CMP 325, Stock can accumulate between 310-325 for 375 target.

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.