RECOMMENDATION
BUY
TARGET 2300
The primary trend of Croda International Plc is bullish and from
last few trading session it is managing to sustain at higher level
with positive bias.Stock is trading with support of falling trend
line crossing of it can show upside .One can make a long position in
the stock above the level of 2220 with sl of 2170 for the target of
2300.
CHART FORMATION:-
Stock has managing to trade with positive bias and consolidating near
to resistance level crossing of it can show northward journey.
It's 200 DMA has given the break out above 50 DMA which is indicating
buying in the stock.
INDICATORS:-
RSI is trading above the level of 50 and forming downward channel ,
Breaching of the channel can manage to test the level of 70.
Fast line has given the break out above slow line and it's sustains
above the zero level.
ADX is trading above 25 level , Positive DI has given the break out
above negative DI.