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| Stock Pick of the Day |
RECOMMENDATION
BUY
TARGET 795
The primary trend of St. Jame's Place Plc is bullish and it managing
to sustain at higher level with positive bias. Stock is managing to
consolidate near to resistance level crossing of the resistance can
show northward journey. One can initiates the long position in the
stock above the level of 755 with the stop loss of 730 for the
target of 795.
CHART FORMATION:-
Stock is showing consolidation and sustain at higher level with
positive bias.
It's 50 DMA has given the break out above 200 DMA which is indicting
strength in the stock.
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| Technical Chart |
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 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.
