GOACARBON- this is 3rd (in our list) and last stock in this sector after HEG and GRAPHITE, both rocked the market and now this one is also ready to boom as volume formation and bullish candlestick formed today and now if stock able to break 320 level and sustain above this we can see major upside towards 350.00/370.00 levels in coming days with the help of 290.00 support.
There is a high possibility of some Pullback/Retracement.
Looking at the chart - Technically in Bitcoin,
At every $10k, there's an Accumulation Phase ( i.e. anger & depression ), and at some point there's a breakout, which is followed by an uptrend till next $10k. It's close to another $10k at $50170, which should technically act as a Strong Resistance. It has...
ALL the levels have been plotted on the chart.
Since budget is on 1st Feb, market can trade in a range ( calm before a storm ), however, we never know what's gonna happen next.
Believe in Price and do not take anything else has granted.
Please comment and let me know if you have any questions.
Its a observation on nifty daily chart
Disclaimer : This idea is for only educational purpose, pleasse consult your financial advisor before making any trading decision
Strength of the upmove is slowly decreasing.
A short term top is near, or already made at 31000.
Downward Correction possible before it resumes its uptrend again.
