Graphite India – Daily Timeframe Technical View
This is the daily timeframe chart of Graphite India.
The stock has formed a Right-Angled Ascending Broadening Formation, with a strong support zone near 500–520. The broadening structure appears to have completed a five-wave formation, while the key resistance zone is placed near 690–700.
A decisive breakout above the resistance zone, preferably with volume confirmation, could trigger a strong upside move. Based on Fibonacci projections, the final pattern target is placed near 940.
As long as the stock continues to hold above its key support zones, the ongoing rally is likely to continue, keeping the broader trend positive.
Thank you.
This is the daily timeframe chart of Graphite India.
The stock has formed a Right-Angled Ascending Broadening Formation, with a strong support zone near 500–520. The broadening structure appears to have completed a five-wave formation, while the key resistance zone is placed near 690–700.
A decisive breakout above the resistance zone, preferably with volume confirmation, could trigger a strong upside move. Based on Fibonacci projections, the final pattern target is placed near 940.
As long as the stock continues to hold above its key support zones, the ongoing rally is likely to continue, keeping the broader trend positive.
Thank you.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.