Graphite India Ltd. - Technical Analysis.

To the best of my sight, there's a clear downward trend since may this year, supported by head & shoulders.
Scrip's trading very close to MA 200 support levels.
If it crosses the support level, which seems possible, It could slide down to 485-489 levels.
However, If the coming quarter favors the company along with market's positive reaction thereto, Stock might bounce back.