tayalsmith
Short

Tesco TSCO analysis

LSE_EOD:TSCO   TESCO PLC ORD 5P
7 0 0
The Major trend of TESCO PLC             it is showing strength for selling
If it breaks the support level then one can initiate selling position in the stock.
Support level of 159.50 Target of 156 with the stop loss of 163

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 56 levels with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustained below the zero level line.
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