RECOMMENDATION BUY
TARGET 260
The Major trend of Barclays 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
250 upside then it can show upside movement for the target of 260
with the stop loss of 254.
CHART FORMATION:-
Stock is showing sign for reversal from downside in it. Crossing the
resistance will lead to upside movement. Stock is trading above the
200 & 50 DMA with positive bias.
INDICATORS:-
RSI is trading near to 62 level with positive bias, in upcoming
session upside movement is expected. Volume is also on higher side
only.
MACD and Signal line is sustaining above the zero level line.
