Possible Multi-Bagger Opportunity
Graphite India is moving sideways in a big range and forming an ascending triangle, wave count is complete, but on the linear chart (caption image) Graphite India is forming symmetrical triangle and last wave is still incomplete. Good volume activity at the current price and last time stock was rangebound for similar interval before huge upside.
There are two possibilities: -
Breakout from here and one can buy at retest around 655.
Stock tests support again and best buying opportunity around 450-430.
Target ranging from 1140 (linear) to 3400 (log). Nothing is going to happen overnight; it will take time.
Always go with a logical stop loss for capital protection.
Graphite India is moving sideways in a big range and forming an ascending triangle, wave count is complete, but on the linear chart (caption image) Graphite India is forming symmetrical triangle and last wave is still incomplete. Good volume activity at the current price and last time stock was rangebound for similar interval before huge upside.
There are two possibilities: -
Breakout from here and one can buy at retest around 655.
Stock tests support again and best buying opportunity around 450-430.
Target ranging from 1140 (linear) to 3400 (log). Nothing is going to happen overnight; it will take time.
Always go with a logical stop loss for capital protection.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.