GRAPHITE INDIA – Bullish Reversal Setup Discussion

Graphite India is showing signs of a potential bullish reversal after taking strong support around the ₹790 zone. The stock has witnessed fresh buying interest and is currently holding above the ₹800 level with a strong recovery candle, indicating improving short-term sentiment. If the positive momentum continues and the stock manages to sustain above the key ₹832 resistance zone, it may open the door for further upside. 🔎 Technical View: • Strong rebound from the ₹790 support zone • Price sustaining above the important ₹800 level • Improving buying momentum and positive price action • ₹832 is the key breakout level to watch • A sustained breakout may strengthen the bullish setup 🔑 Key Levels: • Support: ₹790–₹749 • Major Support: ₹730–₹707 • Resistance: ₹832–₹874 🚀 Potential Upside Targets: • ₹874 • ₹916 • ₹950+ 📉 Risk: A decisive breakdown below ₹749 may weaken the current bullish structure and could lead to further downside toward the next support zones. 📈 Trading View: 👉 Sustained price action above ₹832, preferably supported by strong volume, can open the way toward ₹874 and potentially higher levels of ₹916 and ₹950+. Traders should closely monitor price action around the breakout zone before taking any decision. ⚠️ Disclaimer: This analysis is shared strictly for educational and informational purposes only. It is not a buy/sell recommendation or investment advice. Please conduct your own research and consult a SEBI-registered investment professional before making any investment decision. — AALGO BREATHS 📊