gorilla gap in saregama prices

#1
13 April 2011 closing price 79.35
15th 87.1 with High at 91.4
great increase in volume
in spite of sensex fall
not seen in BSE bulk deals.

any explanation for a poor scrip to jump like this.
 

comm4300

Well-Known Member
#2
either news based or operator driven:

price run up on this stock has happened earlier as well.

good news:
price close above 100MA
trading range broken on the upside.
nearest resistance is far off, giving good risk reward to anyone going long at current levels.

chart attached.
 

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