FTSE100 | EXPERIAN PLC Sell call

MARKET OVERVIEW
The top flight index outperformed its European peers on the first day of the week but still ended the session with sharp losses following the sharpest drop overnight in Chinese stocks since 2007. 

The FTSE 100 ended the day in red by 74.68 points at 6505.13 But if during the day market breaches the support level of 6450 on the downside after consolidation, then it can test the level of 6400 and the immediate resistance level is 6550 

 EXPERIAN PLC GROUP

 

RECOMMENDATION SELL

TARGET  1135

The Major trend of EXPERIAN  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 1148 then it can test support level for the target of 1135 with the stop loss of 1160

CHART FORMATION:-

Stock is trading in a range and trading near the trendline. Breaking the support line will lead to downside movement. Stock is trading  below the 50 DMA with negetive bias. 

INDICATORS:-

RSI is trading near to 29.93 level with negetive bias, in upcoming session downside movement is expected.

MACD and Signal line is sustaining below  the zero level line.