GRAPHITE - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis for GRAPHITE (Graphite India Ltd.)

Technical Rating: 3.2

📉 Trend Overview

Current Price: ₹550 is slightly above the 50 DMA (₹548) and well above the 200 DMA (₹521), indicating short-term strength and medium-term uptrend.

RSI (45.8): Neutral zone, suggesting no strong momentum either way.

MACD (0.45): Slightly positive, indicating early bullish crossover.

Volume: Current volume (3.99L) is below average (6.22L), showing reduced participation.

📈 Chart Patterns & Indicators

Moving Averages

Price above both 50 and 200 DMA → Bullish bias

No crossover signals currently

Bollinger Bands

Price near middle band (~₹550), with upper band near ₹581 and lower band near ₹518 → Range-bound movement

Support Levels

Strong support near ₹521 (200 DMA)

Next support: ₹500 (psychological level)

Resistance Levels

Immediate resistance: ₹565–₹570 (recent swing highs)

Major resistance: ₹590–₹623 (52-week high zone)

🚦 Momentum Signals

Short-Term: Mild bullish momentum with MACD crossover and price above key averages

Medium-Term: Uptrend intact unless price falls below ₹521

Volume Trend

Recent volume decline → lack of conviction

Delivery % hovering around 35–40% → mixed sentiment

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry (Aggressive) 530–540 Near support, MACD crossover

Entry (Conservative) Above 570 Breakout confirmation

Exit (Short-Term) 565–575 Resistance zone

Exit (Medium-Term) 590–623 52-week high zone

🔄 Market Phase

Status: Trending with mild bullish momentum

Bias: Bullish-to-neutral unless volume picks up

Would you like me to overlay this with candlestick patterns or compare it with peers like HEG or Rain Industries?

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