GRAPHITE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here’s a detailed technical analysis of Graphite India Ltd (GRAPHITE)

📈 Trend Analysis

Current Price (₹566) is above both 50-DMA (₹536) and 200-DMA (₹524) — confirming a bullish trend.

52-week Index at 77.7% shows the stock is trading in the upper range of its yearly band (₹366–₹623), indicating momentum continuation.

Trend Status: Trending upward, with signs of short-term strength.

🔍 Momentum Indicators

RSI (67.8): Approaching overbought territory, signaling strong momentum but caution for short-term exhaustion.

MACD (2.81): Positive — confirms bullish crossover, though not aggressively steep.

Volume: At 15.87L, well above 1-week average (9.52L) — indicates strong participation, supporting the uptrend.

📊 Chart Patterns & Moving Averages

Price is well above key moving averages, reinforcing bullish sentiment.

Support Levels

₹536 (50-DMA)

₹524 (200-DMA)

₹500 (recent swing low)

Resistance Levels

₹580–₹600 (minor resistance zone)

₹623 (52-week high)

📉 Bollinger Bands

Price is near the upper band, suggesting short-term overextension.

Bands are expanding, indicating volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 535–550 Near support zone and moving averages

Exit (Short-Term) 600–620 Resistance zone, potential reversal

Stop Loss 524 Below 200-DMA and trendline

🧭 Summary

Trend: Bullish

Momentum: Strong, nearing overbought

Volatility: Expanding, with breakout potential

Strategy: Accumulate on dips near ₹535–₹550 with target ₹600–₹620. Monitor RSI for cooling below 65 and MACD slope for signs of consolidation.

Would you like to explore similar setups in the industrial or materials sector for broader positioning?

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