The Major trend of BURBERRY GROUP PLC it is showing strength for buying. If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 1786 then it can show upside movement for the target of 1850 with the stop loss of 1725.
CHART FORMATION:- Stock is trading in a range and breaking its neckline will lead to upside movement.
INDICATORS:- RSI is trading near to 47.08 level with positive bias, in upcoming session upside movement is expected. MACD and Signal line is sustaining below the zero level line.