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/
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.