Booker Group Plc
RECOMMENDATION
: BUY
TARGET 137.50
Booker 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. Stock is trading above 50 DMA and facing support from 200
DMA, Stock is facing resistance from trend line crossing of it can
show upside movement.One can initiate the long position in the stock
above the level of 127.50 with stop loss of 122.50 for the target of
137.50.
CHART FORMATION:-
Stock is showing
accumulation from the bottom breaching of resistance level can show
upside movement,
It's managing to
trade above 50 DMA and facing resistance from 200 DMA crossing of it
can show upside movement.
INDICATORS:-
RSI has manages to
trade above 50 level and looking strong for buying , breaching of 58
level it can test 70 level.
Fast line has given
the break out above slow line and managing to trade above zero level
line indicating strength for buying in the stock.
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