Graphite India is showing persistent weakness, with all short- and long-term moving averages indicating a strong sell and technical indicators like RSI, MACD, and Stochastic also deep in oversold territory. Momentum remains negative, and support near ₹576 may be retested if current pressure persists. Any technical bounce should be approached with caution until proper reversal signals above ₹590 emerge. Overall, sentiment remains bearish unless volume and price action reverse convincingly.
Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.