GRAPHITE INDIA NSE:​GRAPHITE

Sell Graphite india for intraday you can find levels in charts

bad news after inspection tenkon below kijun short below 950 target 920 then trail stop loss levels mentioned in fib extension

Graphite has broken 1/2 ascending angle support line on closing basis. Tomorrow it has to recoup the lost ground to remain bullish.

The channel formed since 5th June 2018 till date is still seems intact. This an hour chart in which minor spikes are captured in the chart. The bottom green line is the 1/2 line, a line considered very bullish. The channel line and ½ angle has a confluence tomorrow and the stock is likely to see the bottom at 997. The up move is now due. Target in this run up 1220

Toeing the channel bottom line for the last three trading days. Up move imminent?

Fibonacci retracement buy above 991.1 s.l 948 target 1100

Support at 985, target in this run up can be 1195.

watch

The upmove is expected to continue now, I expect a move up to 1185 in this run up.

May temporarily go down to 967, however it seems, up move imminent.

1/2 support is at 962

If this channel is maintained, a level of 1185 can be seen in this run up. 1/1 resistance is at 1058.65

The channel has also been touched, now we can expect up move up to 1160 from here in short term.

For the last six trading days Graphite has been trying to break the channel but has not succeeded so far. It appears a strong base has been formed around 1080 to 1100. While 1/1 angle support is at around 1040, the channel has a downside at around 1000 and the stock's temporary down side to 1000 can not be ruled out. On Monday if 1033 is broken on closing basis, ...

If it does not breks out the channel, 1025-1050 can be seen in short term.

Support at 1020. Target resistance 1834.

In the 47 week chart the stock shows a low point of 1030 in the next week while the upside is beyond the reach of serial UC's at 1800. Fresh entry can be taken if the stock revisits any level in the vicinity of 1025-1035

Next week range 1065-1195. Support of ascending 1/2 angle exists at 965.