supremechart

ALPHAGEO / RSI Divergence / Turnaround ?

Long
NSE:ALPHAGEO   ALPHAGEO(INDIA)
ALPHAGEO has a very small market cap of 153 Cr .
So please be cautious this stock can give violent moves

  • Wait for a decisive breakout above 260
  • Price is respecting resistance of 240
  • This is the 7th time price is at resistance
  • Looks resistance is weakening up might give breakout

Cut your position in half below 230
SL 212
TP 500
We can see RSI divergence long term RSI is getting stronger but the price is still at the same levels

Also, the insider is buying that also gives confidence.

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