Even with a good spurt on Friday, the stock is still well below the last resistance angle. Once it closes above 348 and remains bullish, good move will be seen.
Hi Guys, GOA CARBON if it's breakdown 471.30 most probably will reach 442.85 in next couple week
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Managed to close above 1/1 support. If it can hold above the support for a couple of days, we expect the stock may move up to 1090 in intermediate term
Goa Carbon Limited is engaged in the manufacture and sale of calcined petroleum coke. The Company is a supplier to aluminum smelters, graphite electrode and titanium dioxide manufacturers, as well as other users in the metallurgical and chemical industries. The Company's calcination plant of approximately 75,000 tons per annum capacity is located in southern Goa, over 40 kilometers away from the Mormugao port. The Company also has approximately two other plants, at Bilaspur in Chattisgarh, which has a capacity of over 40,000 tons per annum of calcined petroleum coke, and at Paradeep in Orissa, which is over eight kilometers away from the Paradip port and has a capacity of approximately 125,000 tons per annum of calcined petroleum coke. The Company's subsidiary is GCL Global Resources SGP Pte Ltd., which is a holding company.
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GOACARBON
