In fabrication of high strength materials coupled with improved mechanical properties; focus on integration of multifunctional reinforcements are increasing along with novel processing methods. Single layer 2-D material Graphene are among one such novel material with huge aspect ratio, posse’s high strength. But the real challenge is processing and incorporation of these reinforcements with appropriate content in metals or its alloys matrix. Current research work focus to study the anisotropic behavior on addition of pristine Graphene/MWCNT and processing methods like ball milling under constant ball to powder precursor ratio (BPR) of AA 2024 nanocomposites. The extent change in aspect ratio, size of the nanoparticle mixtures during ball milling were analyzed under SEM and Raman spectroscopy. Thus obtained (ball milled) precursors are consolidated through vacuum hot press and hot extruded to get typical flat specimen at optimized processing parameters. XRD analysis, relative density and hardness measurement is done on extruded composites. Thus developed composites are subjected to study the anisotropic behavior at various orientations and strain rates (0.5, 1.0, 1.5 mm/min) using uniaxial tensile testing instrument and corresponding stress strains graphs were obtained. The fracture surfaces were characterized by scanning electron microscope (SEM) and its shows the nucleation of the dimple size are varies with increasing the strain rate and also deeper dimple size were noticed. Negative strain sensitivity were observed for the lower strain rate (0.1 and 0.3 mm/min) and positive strain sensitivity for higher strain rates. Microstructural anisotropy infers that AA2024-Graphene/MWCNT composites are sensitive to strain rate and shear type of failure is observed on increasing the strain rate.