Has crossed 1/1 ascending angle and bullishNext resistance will be at 918, the descending 1/1 line. 1/1 support is at 679
GOACARBON trade ideas
BullishGoa crossed descending 1/1 angle decisively and met the confluence area of three angles when it clsoed today. Next target 775.
Goa carbon hit LCGoa carbon hit LC today but is very near to 2/1 support at 460. May consolidate or hopefully will make a turn from the support in immediate term
BullishManaged 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 is about to cross resistance.If Goa manages to close above 665 today, in short/ medium term 1100 can be seen
Goa likely to rebound from here being on Fibo 0.382 lineBeing on Fibo 0.382 line and just touching 1/1 descending Gann angle, Goa likely make an about turn from here.
Support at 632.5 is not likely to be brokenSupport at 632.5 is not likely to be broken. Near term support is at 704. Short term target is 950. Medium term target is 1015.
Goa Carbon should close above 780Goa Carbon should close above 780 for crossing descending angle minor resistance.
Goa turned northIf it crosses 780 on monday on closing basis, with bullishness, we can hope next target at 1000+
Minor set back Descending 1/2 angle encountered, minor set back should move up after a little consolidation. Support at 625
Intermediate resistance aheadAnd the resistance level is likely to be met tomorrow at 803. If the channel is broken, medium term target is 1050 in the run up.
Intermediate channel resistance aheadIntermediate channel resistance at 805-810, which if crossed, may take the stock to 1050 in medium term.
There is a minor hiccupA minor obstacle exits at 620-625 range, which f it is crossed, then the stock is clear for the week. Support at 610.
Seems bullishness returned in Goa CarbonDescending 1/4 line beacame a resistance and if the bullishness sustains we may see 610-625 in near term
Returned from supportGoa Carbon managed to hold 4/1 support and seems it has turned bullish. Levels to watch out for 500, 570 and then 790.
Target 900 in this run upWith an internediate resistance at 815, one can have a target of 900 in this present run up. Support at 645
Broke 2/1 angle decisively today.Broke 2/1 angle decisively today. Next resistance at 1/1 angle would be 839.75 or little higher. I expect the scrip to touch the same next week
GOA CARBON: Head & Shoulder,FIB GOLDEN RAIO Correction. All mentioned & plotted on Chart.
FIB Correction 1.618 (GOLDEN RAIO) Near @ 706.86
Though Traded Below "NECK Line" Investor / Aggressive Traders Can Enter Keeping SL: @ Below 700 (Closing Basis)
Bullish Break Out: Above "NECK LINE" i.e Near @ 805 - 809 Zone
Disclaimer: Take this information as study/education purpose only.
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For taking trade decision Consult with your Financial Advisor.
below 846 can touch 776Goa carbon can touch 776 if close below 846.profit bookin recommended at resistance.
