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RECOMMENDATION
BUY
TARGET 1475
The primary trend of Close Brother Group Plc is sideways , From
last week it is consolidating near to resistance level with positive
bias. Stock is looking strong for upcoming session as it has given
the break out of 1410 and sustains above that after crossing of the
strong resistance i.e. 1430 it can test the level of 1475 with the
stop loss if 1404.
CHART FORMATION:-
Stock is trading with near to resistance level and consolidating with
positive bias crossing of resistance can show northward journey.
Stock is sustaining above 50 DMA and 200 DMA with positive bias.
INDICATORS:-
RSI is trading near to the level of 50 and showing consolidation ,
Breaching of the resistance level can manage to test the level of 70.
In ADX is trading above 25 level , Positive DI is placed above
negative which is indicating strength for buying.
Macd & Signal line is trading above Zero level line which is
indicating strength in the stock.
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