Selling side is indicated by the major trend of ROYAL BANK OF SCOTLAND PLC(RBS). Support level is 350, if it goes down this level then selling position can be created. In this case Target level will be 345.20 and Stop-loss of 353.50
CHART FORMATION:-
Stock is trading in a range and breaking its neckline will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 45.55 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.
CHART FORMATION:-
Stock is trading in a range and breaking its neckline will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 45.55 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.