Alphageo:772 is trading in Flag bottom support, over sold ,with a positive divergence,
Having next res: 888 and 950 Stop:750
Komen:
it is quite normal that,something newsworthy happens the previous day or before trade strat, will create a buying frenzy.
In this case also the govt:polcy on oil exploration is going to favor alphageo. Now price gap up in the initial trade couldn’t sustain, still it maintains the gap, showing the bullishness.
Penafian
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In this case also the govt:polcy on oil exploration is going to favor alphageo. Now price gap up in the initial trade couldn’t sustain, still it maintains the gap, showing the bullishness.