Graphite India Limited- Technical Analysis Report

Graphite India is currently showing a consolidation-to-corrective structure after a strong previous upmove. The stock has recently faced selling pressure from the higher levels and is currently trading around the ₹786 zone. The recent candles indicate some weakness, although the stock continues to remain above several important medium-term support levels. On the downside, ₹748–₹730 is an important immediate support zone. If this zone holds, the stock may attempt to stabilise and regain buying momentum. A sustained breakdown below ₹730 could increase selling pressure towards the next support levels around ₹706 and ₹665. On the upside, ₹790–₹832 represents the immediate resistance area. A sustained breakout above ₹832, supported by strong price action and volume, may improve the short-term structure. Further resistance levels can be observed around ₹874, ₹916 and ₹958, while ₹1,000 remains an important psychological level. Momentum indicators on the chart are currently mixed, suggesting that the stock requires confirmation before a clear directional move. Traders should closely monitor the reaction around the key support and resistance zones rather than relying on a single indicator. Overall, the setup remains cautious with a neutral-to-positive bias above key supports. A decisive move above ₹832–₹874 could strengthen the bullish structure, while a breakdown below ₹730 may indicate renewed weakness. AALGO BREATHS For educational and informational purposes only. Not investment advice.