GRAPHITE after last Consolidated quarterly result moved around more than 10%, Now lets see how this stock will performing in coming week. Also we can See the latest possible targets in buy or sell side.
In March 2023, Net sales is at 815 crores down by 29 crores which is almost 3.45%. Also Net profit also came down from 95 crores to 29 crores. But as we already saw that, it didn't effect the movement of the stock. Also please check our previous post on "Breakout Levels: What will happen next for TRENT, UJJIVANSFB, OLECTRA"
GRAPHITE Buy or Sell
Now lets comes to the Latest Chart analysis for Graphite and how it will perform on Monday. When we look in to the chart, The Graphite is already Given a breakout from 396 levels and moved to 420 levels in last week. But on Friday, it took Resistance levels from 420 levels and moved to 407 levels. Now please do not go for a buy from this level. Either wait for price to come down to 396 levels, where you buy again or wait it to the breakout from the resistance levels from 420.
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| GRAPHITE Latest Chart Analysis |
When we look in to the targets for this stock, Graphite can move back to 420 levels if it took support from 396 levels. And if the Stock gives a breakout above the 420 levels can take it in to 435 levels. So I would suggest only enter at 396 levels, where you will get a good support. Also if you look in to the chart, we can see that support on 396 is above 20,14,9 EMA's. Get the latest Live market updates on our telegram channel for free.
Conclusion
Here we have analyzed the latest Chart analysis and Targets after the Consolidated Quarterly result published. After Analyzing the charts we saw the the support and resistance for Graphite stock. Buy at this support level of 396 only.