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Price and trend forecast of GOACARBON for Tomorrow, Weekly, Monthly

Goa Carbon Limited

Symbol: NSE:GOACARBON

ISIN: INE426D01013

917.85

As on 2024-04-12

437.00 (52W Low) 1,009.00 (52W High)

GOACARBON's Today's Performance

Goa Carbon Limited started the day by opening at 923.10 today 2024-04-12. Its shares reached a high of 947.20 and dipped to a low of 915.60 in intraday. When the markets closed, GOACARBON’s stock price settled at ₹917.85 per share. Also check out its key support and resistance levels.

GOACARBON Buy/Sell Targets

Tomorrow, sell GOACARBON when its price reaches ₹ 917.85 with a stop-loss order at ₹ 936.98. You can set the target price as ₹ 898.73 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of GOACARBON for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for GOACARBON

Resistance Levels Value in ₹
Tomorrow Resistance 1 938
Tomorrow Resistance 2 958
Tomorrow Resistance 3 970

Important Supports for GOACARBON

Support Levels Value in ₹
Tomorrow Support 1 907
Tomorrow Support 2 895
Tomorrow Support 3 875
Based on where the stock opens tomorrow, if GOACARBON opens on a positive note, our first target will be ₹938. If Target 1 is achieved, we will aim for Target 2 which is ₹958.

But if GOACARBON falls below the average value of ₹926.88, you can enter a sell side position with target number 1 - ₹907 and second target - ₹895 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of GOACARBON

Looking at GOACARBON, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, GOACARBON has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for GOACARBON is moderate bullish.

Tomorrow's Volume based share price Forecast for GOACARBON

GOACARBON's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -55%.

Reversal detection for GOACARBON

Predicted trend chart of GOACARBON tomorrow for price forecast
GOACARBON may trend may continue to be bearish since stock is making lower low and we can get target of ₹938 in morning tomorrow
Target 1 tomorrow939
Target 2 tomorrow946
Target 3 tomorrow958
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with GOACARBON's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if GOACARBON opens on a positive note, our first target will be ₹938.17. If Target 1 is achieved, we will aim for Target 2 which is ₹958.48.

But if GOACARBON falls below the average value of ₹926.88, you can enter a sell side position with target number 1 - ₹906.57 and second target - ₹895.28

GOACARBON's Weekly Targets
1st Up Target 967.08
2nd Up Target 1,016.32
1st Down Target 891.33
2nd Down Target 864.82

As the week for GOACARBON ended on bearish sentiments, we can expect further continuation of this sentiment. GOACARBON's initial target will be 967.08 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 891.33 in the upcoming week.

Weekly OHLC Values
Open 989.50
High 989.80
Low 914.05
Close 917.85

Week for GOACARBON started with an open price of 989.50, and the close was at 917.85. GOACARBON reached the highest of 989.80 and dipped lowest up to 914.05 last week. This indicates a bearish sentiment for the week.

GOACARBON full month swing targets
Monthly Up Target 1 1,042.83
Monthly Up Target 2 1,092.07
Monthly Down Target 1 815.58
Monthly Down Target 2 713.32

Targets of ₹1,042.83 can be expected to be reached in the coming month. Once GOACARBON achieved this target, we can aim for the next upside target of ₹1,092.07.

GOACARBON if fails to hold upside, down targets of ₹815.58 and ₹713.32 can be achieved by end of this month.

For complete three weeks if GOACARBON is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

GOACARBON is expected to reach the target of 938.17 in tomorrow's trading session.

After achieving the initial target in GOACARBON, we will aim for higher targets of 958.48 tomorrow.

However, if GOACARBON starts to trade below ₹926.88, then we will shift our focus to the sell side and aim for down targets of 906.57 and 895.28.