Graphite India Ltd – Technical & Fundamental Insight

Graphite India Ltd – Technical & Fundamental Insight (SEBI Reg. INH000019886 | For Educational Purpose Only) 🔹Technical View: Stock trading within a rising wedge channel and has shown strong bounce from lower trendline support near ₹550. A close above ₹585 can extend momentum toward the upper band. RSI ~68 reflects positive strength but approaching mildly overbought territory — partial profit booking advised near resistance. Key Levels: 🔼 Upside: ₹600 – ₹625 (initial), ₹650 (extended) 🔽 Supports: ₹560 / ₹540 🔹Fundamental Snapshot: Leading graphite electrode manufacturer with improving export demand and cost efficiency. Better realization in electrode prices and stable raw material costs enhance margin visibility. Debt-free balance sheet adds to long-term stability. 💡Sustaining above ₹585 may open the next leg toward ₹625–₹650 zone. ⚠️Disclaimer: For educational use only. Not a buy/sell recommendation. Consult your SEBI-registered advisor.