RECOMMENDATION : BUY
TARGET 121
MAN Group Plc is
looking good for buying ,the major trend of stock is bearish but
it's showing accumulation from bottom and gaining strength for buying
and managing to trade in positive territory from last few trading
session. Stock has managing to consolidate near to resistance level
i.e 115 crossing of it can show northward journey with stop loss of
111for the tgt of 121.
CHART FORMATION:-
Stock is showing
consolidation near to the resistance level and breaching of it can
show upside movement.
It's managing to
trade above 50 DMA & facing resistance from 200 DMA i.e.118
crossing of it can show the level of 121.
INDICATORS:-
RSI is trading above the level of 50 and looking further bullish and
facing resistance at 60 crossing of it can test the level of 70.
Fast line has given the break out above slow line and it's trading
above the zero level line.
In stochastic K% is
trading above D% which is indicating strength for buying in the stock
