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| Stock of the Day |
TARGET 2675
The primary trend of Unilever Plc is side ways and it's
consolidating near to resistance level crossing of the resistance can
show northward journey .Stock has shown recovery from the bottom and
manages show positive bias from last few trading sessions.One can
initiates the long position in the stock above the level of 2575
with the stop loss of 2525 for the target of 2675.
CHART FORMATION:-
Stock is showing consolidation and sustain at higher level with
positive bias.
It's trading above 50 DMA and facing resistance from 200 DMA crossing
above it can show upside movement
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| Technical chart |
INDICATORS:-
RSI is trading near to level of 70and showing consolidation ,
Breaching of the resistance level can manage to test further high.
In ADX , Positive DI is placed above negative which is indicating
strength for buying.
Macd & Signal line is about to give break out above Zero level
line which is indicating strength in the stock.
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