G

GRAPHITE.NSE

GRAPHITE - Weekly Chart Technical Analysis

4 months ago

The chart above is embedded from a separate charting application. Website-level accessibility is improved here with keyboard-friendly sharing, clearer labels, and text-based alternatives, while chart-canvas controls still need to be fixed inside the chart application itself.

Graphite India is trading within a symmetrical triangle pattern on the weekly timeframe, indicating consolidation before a potential directional move. Price is approaching the upper trendline, suggesting a possible breakout attempt. A decisive weekly close above the triangle resistance may trigger fresh upward momentum. However, a short-term pullback or retest after breakout is possible before continuation of the trend. Resistance: ₹720–₹780 Support (to be considered after breakout): ₹620–₹640 Major Support: ₹480–₹500 Outlook: Structure remains neutral to positive within consolidation. Breakout confirmation above resistance will be key for next trend direction. Investors are advised to monitor price action and act as per risk profile and market conditions.

Graphite India is trading within a symmetrical triangle pattern on the weekly timeframe, indicating consolidation before a potential directional move. Price is approaching the upper trendline, suggesting a possible breakout attempt.

A decisive weekly close above the triangle resistance may trigger fresh upward momentum. However, a short-term pullback or retest after breakout is possible before continuation of the trend.

Resistance: ₹720–₹780

Support (to be considered after breakout): ₹620–₹640
Major Support: ₹480–₹500

Outlook:
Structure remains neutral to positive within consolidation. Breakout confirmation above resistance will be key for next trend direction. Investors are advised to monitor price action and act as per risk profile and market conditions.

Comment your suggestions

Loading comments...

Posted by

VITHULDAS

Moderator

4 months ago

Disclaimer

Investment in the securities market are subject to market risks, read all the related documents carefully before investing.

The materials and information presented do not constitute financial, investment, trading, or professional advice endorsed or provided by Enrich Money. For full disclosures, please see ourTerms of Use.

Upcoming Webinars

Loading webinars...