RECOMMENDATION BUY
TARGET 1840
The Major trend of Easy Jet Plc is sideways and it is showing
strength for buying. If it moves above the resistance then one can
initiate the long position in the stock. If it breaks the level of
1783 upside then it can show upside movement for the target of 1840
with the stop loss of 1740.
CHART FORMATION:-
Stock is forming inverse Head and Shoulder pattern and buying can be
seen in the chart. Crossing the resistance will lead to upside
movement. Stock is trading above the 50 & 200 DMA with positive
bias.
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| Technical Chart |
INDICATORS:-
RSI is trading near to 62.69 level with positive bias, in upcoming
session upside movement is expected.
MACD and Signal line is sustaining above the zero level line.
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