NSE:ALPHAGEO seems to be in a running Triangle Wave D on a monthly time frame.
If that stands legit count it can move upto Rs900 in 1.5years time.
Anyway this is atleast pushing to the upside.
posted 28.12.2021 ALPHAGEO (INDIA) stock above 390 level for a target 405 and today the stock made a high 405 and closing at 361. Tomorrow there will be a gap down or initial bearish candles in the early sessions. Watch out and trade profitably.
ALPHAGEO (INDIA) stock was in brief consolidation and today it has broken the consolidation zone. Stock above 390 for a target 405 level and resistance at 409 and 419 level.
The above chart is of Alphageo (India) Ltd., on monthly chart.
Stock has delivered over 390% returns from its low on March 2020, till October 2021.
Key-points mentioned on chart.
Hope the chart is useful and informative.
Happy trading !!
This scrip is under consolidation and it is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
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
SL 200
TP 360/450
We can see RSI divergence long term RSI is getting stronger but the...
Alpha Geo Weekly Analysis
CMP 291 Buy some qty here
Add some more if get @ 240-250 - 190-200
SL below 150
Target 367- 450-500-560-600-700+
Duration 2-3 Years
NSE:ALPHAGEO is highly bullish and has minimum target of Rs405 which can extend upto Rs500 in short term time frame.
Has good volumes been add up and broke out of resistance barrier and psychological numbers.
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...
✔simple price action used in this stock
✔644 days of consolidation
✔postive result publishing company
🚩note that guys this stock was in asm list🚩
🚩little/high risky guys so don't go with a blind buy.🚩
About the company
Alphageo (India) is engaged in providing Geophysical Seismic Data Acquisition, Processing and Interpretation Services for exploration of...
Cup and handle pattern can be seen in the alphageo.
Only make a trade once it crosses the resistance line with high volume in upcoming days, else i would tell you to avoid it .
Let me know your thoughts in comment section
PS- I am very new in trading world and I would appreciate your suggestions so that i can breakout my learning curve with good pace. :)
