RECOMMENDATION SELL
TARGET 1825
The Major trend of RIO TINTO 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 1867 Target of 1825 with the stop loss of 1910 .
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 -ve bias.
INDICATORS:-
RSI is trading near to 47 levels with negative bias, in upcoming session downside movement is expected.
TARGET 1825
The Major trend of RIO TINTO 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 1867 Target of 1825 with the stop loss of 1910 .
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 -ve bias.
INDICATORS:-
RSI is trading near to 47 levels with negative bias, in upcoming session downside movement is expected.