GRAPHITE trade ideas
GRAPHITE LONG INTRADAY 12 MAR,2021Dear trader,
If u look at the chart of GRAPHITE (analysis based intraday only) the GRAPHITE support 1 at 512 and Target at 525 and Stop loss at 500.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
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Graphite Breakout Today Graphite gave breakout on daily time frame
Graphite is rising with strong demand candles there is hardly any supply candle visible on chart, volume is also expanding with price this is sign of strong hands buying in momentum
one can long graphite here or wait for pullback till 508-500 sl is at 438
Graphite - Pick Me upGraphite - It is now in that polarity zone. More likely to cross the line on the other side towards 600+. SL is below 420. Let us see.
DISC: Not a SEBI Registered. I post charts for my own study.
GRAPHITE SWING IDEA!GRAPHITE AFTER A 3 YEAR CRASH, SHOWS SIGNS OF REVERSAL AND RECENTLY CLOSED ABOVE A STRONG MONTHLY SUPPORT.
WE MAY CONSIDER AN ENTRY BETWEEN 270-280 LEVELS FOR A SWING TRADE.
TARGETS ARE IN CHART...
NOTE: NIFTY @ ALL TIME HIGH AND ENTRY AT THIS TIME IS ONLY FOR STRONG HEARTS!
Graphite India - Range Breakout with VolumeGraphite India - Range Breakout with Volume
SL - 215
T1 - 288
T2 - 329
T3 - 392
Graphite India brearish expecting 177 and 165 soonGraphite India brearish expecting 177 and 165 soon . Refer image for reasons , unless market moves upward moves or is news driven . Share your ideas and correct me if I am wrong
#GRAPHITE #BANKNIFTY #NIFTY #NSE #BSE #TRADING #COVID19 #INVEST#GRAPHITE
GRAPHITE INDIA LTD.
CMP: 188
Target 1: 245
Target 2: 320
SL: 175
Take it before takes off
Graphite india - Good breakout with volumeGraphite India
Good break out with Volume today.
Points
19th August trend line closure above. with green candle.
Next 3 days retraced to trend line.
Today (25th Aug) took support at trend line and Zoom.
Also crossed 100 date price @ 202
target around 220
An one more. Volume fell last 2 days along with price indication no sellers.
Graphite Daily/hourly short 209-221 Graphite Daily/hourly short 209-221
pro:
1. 2 leg out in location time frame
2. Origin of Weekly supply zone
con:
1. intermediate 1 hr zone has few dosi candles of left. Bulls and bears fought nicely from
origin and then dropped.
2.15 min not at all good structure candles.
confirmation entry only
Graphite all set for UpmoveGraphite India which had stellar upmove in 2017-18 giveup most of its gain in 2019-20 and dropped all the way from 1200 to 103.
After dropping to level of 103 stock moved up to 255 and came back to level of 160.
This level of 160 is near 62% retracement of previous rally and stock has also formed double bottom around the levels.
On friday price tried to move above neck level of 190 with high volumes.
On break of fridays high which is 193 stock provides short term trading opportunity with a target of 220.
Stop loss for this short term trade will be 175.
From long term point of view, stock is trading above the log term down trend line and formed a higher low around 160.
Considering the previous positive wave from 103 to 255, upmove which resumed at 160 levels should go up all the way to 400 levels as per Elliot wave theory.
One can consider stop loss below 160 for this long term trade.
Graphite Is a good candidate if steel Sector boomingIts a good dividend paying candidate trading at 1200+ levels
Las time if also reverse from 170 to 1200
expect good upside in Medium to Long term
Buy between 170-180
SL 150
TARGET 300+
Expecting Further Downfall upto Rs.150Clear Downtrend continues
average your investments
once it breaks the parallel channel line it will goes below 100 levels
