Graphite India monthly chart is one of the cleaner large-cycle base breakout structures.

What I see Massive historical spike in 2018 followed by a brutal multi-year correction. Since 2020–2023, price created a very broad rounding accumulation structure. Current price ₹774–775 is approaching a major historical resistance near ₹800–805. Your marked level around ₹801 is the key decision zone. Recent candles show strong momentum and higher highs + higher lows. Right side of the structure is steepening → buyers becoming aggressive. The most important point: This is not yet a confirmed breakout. It's a pre-breakout setup sitting just under supply. Trade plan Aggressive entry: ₹775–790 Safer entry: Monthly close above ₹805–820 Stop loss: ₹690–700 Targets If ₹800 breaks decisively: Target 1: ₹900–950 Target 2: ₹1,000–1,050 Stretch target: ₹1,150+ The measured move from such a large cup structure can become bigger than expected because the base is multi-year. Structure quality score: 9.2/10 Why high: ✅ Multi-year accumulation ✅ Rounding structure ✅ Momentum expansion into resistance ✅ Higher lows on right side ✅ Big upside if resistance clears