tayalsmith

STAN analysis

Short
LSE_EOD:STAN   None
STAN-CHARTD PLC SELL
TARGET 156
The Major trend of STAN-CHARTD PLC it is showing strength for selling If it breaks the support level then one can initiate selling position in the stock.
Support level 486.40 Target of 476 with the stop loss of 496

CHART FORMATION:-
Stock is trading in a range and trading near the trend line. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with negative bias.

INDICATORS:-
RSI is trading near to 36 levels with negative bias, in upcoming session downside movement is expected.

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