Graphite India Limited
Long
Updated

GRAPHITE INDIA: SHORT TERM BULL RUN EXPECTED

343
📊 Graphite India - Technical Analysis - 02/02/2024

Current Status:

  • Closing Price: 562.10 📈
  • Fibonacci Level: 0.786 🌀


Yesterday's Trend:

  • Opening Price: Fibonacci Level 0.5 🌀
  • Movement: Upward to 0.786 📈
  • Signal: Parabolic SAR - Buy 🛒


Key Points:

Entry Point: 567.95 🚪
Resistance Level: If trades above 567.95 🛑
Target 1: 576.20 or 575.95 🎯
Stop Loss: 536.60 🔴 / KEY FIBONACCI LEVELS

Recent Trends:

  1. Crossed 50-day MA on 30/01/2024 📈
  2. Short-term Bull Run 🐂
  3. Increasing Volume 📶



Indicators:

  • Static RSI: Middle Range ↔️
  • MACD: Expecting Crossover 🔄
  • Stochastic RSI: Upper Band Strength 💪
  • Fisher 9: Bullish Trend 📈


Conclusion:

Recommended for short-term entry in the current volatile market 🌪️📊


Disclaimer:

This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. 🚫💰🔍
Hashtags:

#GraphiteIndia #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
Trade closed: stop reached

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