Tesco PLC (LON:TSCO)

[SMR]

Tesco PLC is a retail company. The Company has retail operations across the United Kingdom, Asia and Europe. The Company engages in banking operations, through Tesco Bank. Tesco Bank’s banking products include customer accounts for credit cards, loans, mortgages and savings.

Official website: www.tescoplc.com

[jonsmith]

BUY for today



Target 215

Resistance 212

Stock is trading in a range and near the trendline. Breaking the resistance line will lead to down movement. Stock is trading above the 50 DMA with positive bias.

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[jonsmith]

BUY


TARGET 217.30



The Major trend of TESCO PLC it is showing strength for buying.If it breaks the resistance level of 214.25 then it can get target level of 217.30



Stock is trading in a range and trading near the trendline. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias.

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[jonsmith]

RECOMMENDATION SELL

TARGET 205

The Major trend of TECSO PLC it is showing strength for selling. If it breaks the support level then one can initiate the selling position in the stock.

If it breaks the level of 208 then it can test support level for the target of 205 with the stop loss of 211.



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[jonsmith]

SELL

TARGET 191.50

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. If it breaks the level of 194.50 then it can test support level for the target of 191.50 with the stop loss of 196.50..



INDICATORS:-
RSI is trading near to 36.46 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.

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