tayalsmith
Long

Tesco short term analysis

LSE:TSCO   TESCO PLC ORD 5P
6 0 0
TESCO PLC             BUY
TARGET 175
The Major trend of TESCO PLC             is showing strength for buying If it breaks the resistance level then one can initiate buying position in the stock .

Resistance level of 171 Target of 175 with the stop loss of 168

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

INDICATORS:-
RSI is trading near to 40 levels with positive bias, in upcoming session upside movement is expected.
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