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.