The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
GRAPHITE INDIA ,can be now a multi bagger stock if breakout sustains and investors looking for good investment oppurtunity can enter here as safe entry point.
those who are looking for 1-2 years of investment and good returns can enter in a SIP manner to avoid risk of major loss as volume increases investment amount can be increased.
NOTE: Enter only if strong...
NSE:HEG
- The focus is on risk management taken in position for pop as part of the PWI Lab portfolio.
- Let's check the company's history to understand what they do.
- Proxy to steel was positive in the past.
- Crude oil can be a spoiler in the current situation.
- Price action is considered as the ultimate authority.
NSE:GRAPHITE has done breakout above weekly 60% Fibonacci retracement which is a major resistance.
My idea is to take entry at the level of 376, then wait till targets of 459 & 493. It would be best risk and reward option.
My stop loss will be 331.
Note: This is my personal analysis, only for learning. Thanks.
Graphite India - At Support Zone - Flat pricing action with raising RSI
Disclamier - My First chart analysis - Not recommending any buy or sell - just sharing information.
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
The price has broken the barrier and closed above the parallel zone on a 1-D chart.
MACD is about to close the gap and move in the positive zone. RSI is upwards.
So expecting an upwards trend in the coming week if the market stays positive.
Graphite 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
