Graphite India: Breakout & Retest

This is an example of the simple concept of breakout & retest. Notice how price corrects hesitantly even as trading volume dries up. This is classic signature of a stock in an uptrend. Notice the breakout today with higher volume.

Everything suggests buyers are active in the stock. Keep it in your watchlist.
breakout_retestgraphiteindiaTrend Analysis

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