sabyasachi_nath

sabyasachi_nath

Goa Carbon managed to hold 4/1 support and seems it has turned bullish. Levels to watch out for 500, 570 and then 790.

sabyasachi_nath

Medium term target 294.

sabyasachi_nath

293 days daily chart. The 8/1 ascending angle at 119.50 never got tested. The 1/1 descending line will have diminishing influence as today the stock has turned bullish and hit UC. Expect 155.50 in the short term which is 4/1 resistance on the ascending fan.

sabyasachi_nath

Bearishness will gradually go away as the stock goes away from the influence of descending line. Today the hindrance was the Upper Circuit limit of 5%. The stock will start behaving normally once it crosses 8/1 ascending line which it may cross in two days at 140.70.

sabyasachi_nath

Crude may go to 72.75 and then start moving up.

sabyasachi_nath

It has to close above 69 today and should cross 75 to show turn bullish

sabyasachi_nath

The8/1 support exists at 47.70. Stock may turn bullish if it manages to go up and close above 60.95.

sabyasachi_nath

Support at 101, being the descending 1/2 line. Immediate target is 129. If the stock manages to close above 153 b y 26.07.2018, it will be out of any bearish shadow of previous high.

sabyasachi_nath

The stock is in consolidation, down move. With this news the stock may turn bullish and being in 20% circuit bracket, it is possible the stock may touch 150 in the next week.

sabyasachi_nath

The stock is out of 1/1 descending fan angle and is expected to cross 2/1 descending angle at ~182 in short term. If it does so, the stock is expected to touch 198.50 in about two weeks. If it crosses 212-220 in next 30 days, it will come out of bearish trance. Support is at 145.

sabyasachi_nath

Next target 2845

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There is resistance at 3125. If it crosses effortlessly on monday, next short term target is 3250.

sabyasachi_nath

The stock has formed a channel and the range of the chart movement in the channel is 980-1150, which will be short term range. 1/2 angle support for the ascending Gann fan is at ~1160 ( variable on progressive basis) which will act as a support in case of any fall back and 1/3 line resistance is seen to be in the range of 1350-1550, which will form the medium term target.

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In this run up may touch even 1125, support of channel being at ~1000

sabyasachi_nath

Short term target 4250. If the channel is not broken at 4250, the stock may return and touch 3450/ 3500, for any further up move.

sabyasachi_nath

Could not cross 2/1 ascending line, the channel thus formed shows Crude is heading for sub 70 level. Interim target 69.75 and in down trend.

sabyasachi_nath

Let us see if it closes above 575 in a couple of days and then the bearish channel will be broken

sabyasachi_nath

Broken 4/1 support today on closing basis. If the level is not recouped in a couple of days, we may see a level of sub-40 in the stock price.