Stock analysis Goa Carbon Limited GOACARBON

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Moving Averages for Goa Carbon Limited

5Day Average: 680.85
12Day Average: 692.95
20Day Average: 704.33
50Day Average: 697.89
100Day Average: 740.8
150Day Average: 750.04
200Day Average: 779.73

GOACARBON Indicators & signals

Indicator MACD (12,26,9)

691.61, 700.31, -3.42
Indicator MACD is in negative zone

Indicator ADX (14)

12.36, 21.54, 27.61
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GOACARBON Goa Carbon Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
10 Fri Jan 2025	652.90	650.00 to 674.95	-3.19%	0.3 times
09 Thu Jan 2025	674.40	670.30 to 696.15	-1.48%	0.26 times
08 Wed Jan 2025	684.55	682.05 to 701.40	-2.05%	0.18 times
07 Tue Jan 2025	698.85	691.10 to 703.85	0.76%	0.3 times
06 Mon Jan 2025	693.55	689.00 to 728.90	-4.85%	0.52 times
03 Fri Jan 2025	728.90	723.25 to 736.85	-1.5%	0.45 times
02 Thu Jan 2025	740.00	710.25 to 763.70	6.3%	7.34 times
01 Wed Jan 2025	696.15	681.65 to 698.80	1.32%	0.25 times
31 Tue Dec 2024	687.10	669.00 to 693.40	2.64%	0.23 times
30 Mon Dec 2024	669.45	665.10 to 699.80	-3.52%	0.34 times
27 Fri Dec 2024	693.90	691.95 to 701.95	-0.24%	0.13 times
26 Thu Dec 2024	695.60	692.00 to 713.55	-0.37%	0.36 times

Technical analysis forecast for Goa Carbon Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Goa Carbon Limited GOACARBON at this time. Stock is falling and might fall more.

It appears as if Goa Carbon Limited GOACARBON gave a large move recently.

Stock of Goa Carbon Limited (GOACARBON) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Goa Carbon Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Goa Carbon Limited stays below 671.1, but if it comes above 671.1, then a intra day buy could be more profitable.
If you take a sell trade below 671.1, then use 671.1 as stoploss and 639 as target. However if you take a buy trade in Goa Carbon Limited, then use 671.1 as stoploss and 697.82 as target.

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