Taylor Wimpey plc (LON:TW)

[SMR]

Taylor Wimpey plc is the United Kingdom based homebuilding company. Taylor Wimpey is a national developer operating at a local level from 24 regional businesses across the United Kingdom. The Company also has operations in Spain. The Company builds a wide range of properties, from one- and two-bedroom apartments to five bedroom detached houses, with a broad price range including both private and affordable homes. In Spain the company operates in Costa Blanca, Costa del Sol and the island of Mallorca. Company’s regional businesses run as local homebuilders. The Company is also engaged in managing community engagement and the planning process. The Company operates in partnership, which is broadly divided into delivery partners including Homes and Communities Agency (HCA), Greater London Authority (GLA), and other public-sector organizations, supply chain partner and land owners.

Official website: www.taylorwimpey.co.uk

[jonsmith]

BUY

TARGET 195.50
The Major trend of TAYLOR WIMPEY PLC it is showing strength for buying .
If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 191.50 then it can test resistance level for the target of 195.50 with the stop loss of 189.50


CHART FORMATION:-

Stock is trading in a range and trading near the trendline. Breaking the resistance line will lead to upside movement.RSI is trading near to 58.32 level with positive bias, in upcoming session upside movement is expected.

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