Technical View: • GRAPHITE is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 709.40 on 25-Apr-2024, it has retraced 32% to 485.15 level. • GRAPHITE has breakout from it's secondary downtrend with higher than average volume. Breakout is also supported by increased volume in last few sessions. • GRAPHITE is trading above both 20 DMA and 50 DMA since last few sessions. 20 DMA has crossed over 50 DMA on 23-Sep-2024. • RSI is trading at 70.65. MACD is trading at 15.70. Both MACD and RSI is showing positive momentum. • Looking good for a new swing from here.
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