9 Jul 2014 17:27
The major trend of Fresnillo Plc Ord is bullish and at top it's forming slanting H&S pattern which is reversal pattern. Stock can show down side movement after breaching of it's neck line level i.e.915 as facing strong support with 50DMA breaching of it can show selling pressure in the stock .One can initiates the short position in the stock after breaching 915 with the stop loss of 940 for the target of 860.