Graphite India is among top 5 Graphite manufacturers globally. It enjoys good easy demand and that it is expected to continue enjoying the same. With climate control steps being increasingly taken by manufacturing countries, use of Graphite is expected to grow consistently, as graphite oriented metal processing creates far less hazardous gases.
Technicals:
On Weekly Chart, Graphite India is giving three positive indicators M pattern break out from trough region, positive RSI divergence and Inside Bar Breakout.
Cautious level to be seen on this counter is at around 400, otherwise it is a kind of buy on dips as its financials have also started improving hugely.
I am not a SEBI registered analyst and this is just an educational purpose study for own perusal. Please note that, out of all the studies that I am giving, I may or may not be holding positions at any given time, because I am not a long term investor.
Technicals:
On Weekly Chart, Graphite India is giving three positive indicators M pattern break out from trough region, positive RSI divergence and Inside Bar Breakout.
Cautious level to be seen on this counter is at around 400, otherwise it is a kind of buy on dips as its financials have also started improving hugely.
I am not a SEBI registered analyst and this is just an educational purpose study for own perusal. Please note that, out of all the studies that I am giving, I may or may not be holding positions at any given time, because I am not a long term investor.