Coca Cola Hbc Ord
RECOMMENDATION
BUY
TARGET 1399
The primary trend of Coca Cola Hbc Plc is side ways and from last
few trading session stock is showing strength for buying and looking
strong on charts.Sto ck is showing buying from dips and facing
resistance from the falling trend line breaching of it can show
upside movement .One can make a long position in the stock above the
level of 1345 with sl of 1315 for the target of 1399.
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 facing resistance from 200 DMA breaching of the 200 DMA can test
the level of 1399.
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| U.K. Stock pick of the day |
INDICATORS:-
RSI is trading near to the level of 50 and showing consolidation ,
Breaching of the resistance level can manage to test the level of 70.
In ADX , Positive DI has given the break out above negative DI which
is confirm strength in the buying side.
