Graphite India is forming inverted head and shoulder pattern, that is considered as bullish chart pattern formation.
This chart is only for educational purpose do your own study before taking any trades
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...
Hello Traders,
GRAPHITE INDIA back to Track on Weekly Chart after Triangle Breakout. It is extremly ready to take off from 600 to 715 and 940 Levels.
Go with Stop loss 520.
education purpose only--
Plan according as per your Risk Management.
Play safe. All the Best.
Swing trade idea
Buy above 540+
SL 518
Target 700+
Disclaimer -We are not responsible for your profit and loss, it's only for education purpose analysis
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...
Both the stocks from same sector are showing same signs means sector may outperform these are good stocks as on now to be in. Nothing is good without SL.
