Graphite India Ltd. (CMP: ₹588, Stop Loss: ₹540) surged 5% today, supported by a strong spike in trading volume. The stock broke past its resistance level at ₹570 after rebounding from its 50-day moving average, indicating renewed buying interest. Technical indicators are also aligned with the bullish momentum, as the MACD is on the verge of a golden crossover, often seen as a sign of trend continuation and strength. With momentum building and volume supporting the move, Graphite India appears well-positioned for potential upside in the sessions ahead.

Source: NSE


Graphite India is primarily engaged in the manufacturing and sale of graphite and carbon-based products used across industries including steel, automotive, and energy. The company is a key player in the electrode market, supplying both domestic and international clients.

Delhivery Ltd. (CMP: ₹427, Stop Loss: ₹390) gained over 4 percent today after successfully bouncing back from its 21-day moving average, reinforcing the strength of its ongoing uptrend. The stock has been in a consistent accumulation phase, reflecting positive investor sentiment. Price action suggests a continuation of the trend, with momentum indicators supporting the bullish case. While minor pullbacks may occur, they can present strategic entry opportunities for traders, provided risk is managed effectively.

Source: NSE

Delhivery is a leading logistics and supply chain company in India, offering end-to-end services including warehousing, last-mile delivery, and technology-driven logistics management systems. It serves a wide range of industries with innovative solutions aimed at enhancing operational efficiency.

Note: Charts and prices are as of 1 PM.

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