RECOMMENDATION
BUY
TARGET 696
The primary trend of Shaftesbury Plc is side ways and from last few
trading session stock is showing strenght for buying and looking
strong on charts.The level is very crucial earlier it has been the
major support level at 676 and it has tested the level now it's
acting like the resistance level crossing of it can show upside
movement and can test the level of 696 . One can initiates the long
position above the level of 676 with sl of 665 for the target of
696.
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 managing to trade above 50 DMA and facing resistance from 200
DMA at 679 crossing of it can show further 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.
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