GRAPHITE trade ideas
805. Micro c over, Swing trade and holding period: 3 monthsEarlier in 2017, it is one of the fundamental strong company; but now ????
buy zone: 264 and SL is previous swing low closing.
buy zone 2: 116: sl: 5% compulsory.
Gaphite India - Free fallFree fall of Graphite India since weekly bearish engulfing candle.
Next support would be 725 as per fibo level.
Graphite 1). Demand Zone(800-765)
2). Bat Harmonic Pattern
current price-866.
as per analysis it will come 800 -765 levels and bounce back again.
first target is 38% of retracement 900.
second target 61.8% of retracement 956.
Closed above short term support.On a short term perspective Graphite managed to close above 2/1 line yesterday. 955 will be the support and short/ intermediate term target will be 1110
Graphite - At a perfect spot25 Weeks of consolidation;
1st leg 36%
2nd leg 26%
3rd leg 21%
Broken out of consolidation zone with good volumes.
Look to buy at the breach of 1030 with a stop of 930.
Target 1200 plus.
Graphite is bullishMy take on Graphite: Graphite is expected to reach a level of 1300 by December 2018, depending on its fundamentals. However I don't advise to hold on the stock on the basis of my assumption. Further, please watch out for the level of 905 is not broken in short term.
Graphite crossed 1/2 ascending resistance line. If it manages to close above 895 and hold for some time, we may see even a level of 1300+ in near term.
Watch out Graphite tomorrowWatch out for tomorrow's closing above 893.15 for crossing of 1/2 resistance line for steep up move in medium term.
Resistance aheadThere is a resistance ahead at 880. If it is conclusively closed, a level of 1270 can be seen in this run up.
At last a green candle.However the stock may touch 755 in the short term with a strong chance of touching 770. Target 960 in the present run up.
Resistance at 777Today Graphite is having a resistance at 777. Closing above, it will then have a short term target of 840.
Graphite should close above 782.50Graphite should close above 782.50 for tomorrows closing target above of 830
Graphite stocks are operator's darling now..! ReAcumulation.Disclaimer... Not invested...Not an investing/trading recommendation
Graphite India - Descending triangleGraphite India is forming descending triangle. If it tests the support level at 601 and goes below 600, there may be a downfall upto 540/550. In other way, if it crosses past the resistance, then it may go up to 900.
