Tesco looks set to rally further. In the short-run the psychological figure of 200 is likely to act as a base.
Bullish price RSI divergence
Bullish break from the triangle pattern
Bullish crossover on the Monthly chart
Thus, the stock appears on track to test the monthly 50-MA seen today at 255.51 levels. The moving average is seen sliding lower to 245-247 by year end.