Reversed from 150 levels HL HH formation
A classical case of confluemce of horizontal multiyear support,and TL support is visible.Can we see a reversal from these levels?
Alok has broken the TL and BO done upside.Tgt 6-7.Downside correction possible as RSI is overbought teritory.Might reverse.before the next leg.
A retest to 800 levles posible,after which v cud c 870 lvls
RSI is bullish,while PA is neutral.Can we expect a spurt in the PA soon?Yes
A second bullish candle will pave the path to 142.weekly close above 142 can lead it to 160+within 3 weeks
A strong BO above these TL would open a new territory for Alok.RSI already indicates something.
Goa carbon can touch 776 if close below 846.profit bookin recommended at resistance.