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,...
If 871 is crossed as well as the stock goes past 889, it will have crossed the bearish shadow formed due to the top formed on 04.01.2018 at 909 and will be in an unchartered territory,
Graphite India is old economy stock having very good dividends payout track record.
Trend is Bullish now & it is trying to come out above ichimoku clouds which will give us confirmation of bullish trend. It is above all simple moving averages now. Aggressive traders can take position at current price of 76.50 to 78 for medium term targets of target 1: 90 target...
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!
