Graphite India Ltd – Rising Wedge Breakout | Momentum Building (Daily Chart)

📊 Graphite India Ltd – Rising Wedge Breakout | Momentum Building (Daily Chart) The stock has given a breakout from a Rising Wedge structure and is now sustaining above key moving averages, indicating continuation strength. 🔎 Technical Observations: Strong breakout from wedge pattern Higher high – higher low structure intact Price trading above 20 & 50 EMA Bollinger Bands expanding (volatility expansion phase) RSI holding near 60+ (bullish momentum) Momentum indicator turning positive Volume expansion near breakout zone 🔑 Key Levels to Watch: Immediate Resistance: ₹733–₹740 Major Resistance: ₹758–₹782 Immediate Support: ₹685 Major Support: ₹630–₹600 📈 Bullish Scenario: Sustained move above ₹740 can open upside targets: ₹758 ₹782 ₹800+ (extended momentum zone) ⚠️ Bearish Scenario: Failure to hold ₹685 may lead to pullback toward ₹630 support area. Structure favors bulls unless key support breaks. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS