RECOMMENDATION
BUY
TARGET 2490
The primary trend Berkeley Group Holding is Bearish and from last few
trading session it's showing strength of buying.Stock has given the
break out of falling trendline and manages to consolidates above it
with positive bias, it is facing resistance from 200 DMA crossing of
it can show northward journey.One can initiates the long position in
the stock above the level of 2401 with stop loss of 50 DMA i.e. 2360
for the target of 2490.
CHART FORMATION:-
Stock has given break out of trendline and forming flag pattern which
is indicating buying in the stock.
It's managing to trade above 50 DMA and facing resistance from 200
DMA crossing of it can show upside movement.
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 is about to give break
out above negative DI which is confirming strength in the stock.
