18 Jul 2014 17:08
The major trend of Booker group plc is bearish and at top it's forming inverted pennant pattern which is continuous pattern. Stock can show down side movement after breaching of it's neck line level i.e.124.60 as facing strong resistance in daily charts with 50 DMA which is acting as good stop loss level at 126.50 .One can initiates the short position in the stock after breaching 124.60 with the stop loss of 126.50 for the target of 116.