As you can see after making recent lows of 250 levels stock is trading now on 375 levels which is almost a great 50% recovery from recent lows and now giving some signs of trend reversals by breaking falling resistance and a horizontal resistance too and giving a breakout too, apart of this I find some logics on this weekly chart sharing below.
# you can see...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Graphite in uptrend, please refer chart for understanding.
Note: chart shared for education purpose to understand its behaviour. Please consult your financial advisor before investing.
GRAPHITE:- Wait for breakout, upside movement may be seen
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on...
Graphite is looking good for swing or Short term.
More Strength above 425
Weak below 400
About Comapany :-
Graphite India Limited manufactures and sells graphite electrodes, and carbon and graphite specialty products in India and internationally. The company operates in two segments, Graphite and Carbon, and Others. It offers a range of graphite electrodes...
Graphite Cmp 375 dated 2-6-2023
1. Three White Soldiers Candle Stick (Bullish)
2. Price Rise with Volume Rise
Buy above 381 target 395-415-450-485-535
SL 340
It is just a view, please trade at your own risk.
GRAPHITE
Red is 20EMA
Market Broke above Swing High
Entry-410
SL-388
TGT-1-460
TGT-2-580
*EXIT METHOD*
1ST TGT With SL (50%)
(50%) Wait for 2ND TGT With SL Cost to Cost or Trail
*Entry Tips*
*Aggressive traders can consider buying above the high of the breakout candle.
*Safe traders wait for a retest of the breakout level and then enter a buy...
GRAPHITE INDIA is for more than 15% . This trade is purely based on volume and support. volume is continuously increasing. This is a different way of trading based on volume. One can execute this. Don't forget CMP is trading below 200 EMA and the result coming.
CMP : 330
TG : 390
SL : 9 day EMA
R/R : 3 times (Risk to Reward)
Stock's selection based on 5...
