BT Group Plc(LSE)

BT Group Plc has found support in 215 zone, even though it went down to 204 in month of March. From past two days, daily candle forms higher highs and higher lows.

Market Sentiment: Bullish

From the technical chart analysis this stock looks like forming bottom in daily time frame and is trying to go higher. The reasons are:

• Forming higher highs and higher lows.
• Support at 210 – 215 zone
• Positive divergence at point 2 and point 4.
• Trying to make wave 5

This shows that if BT gets support, then it could go up towards 240 which is a major resistance. If it doesn’t get resistance at 240, then it could go up to 255 and next target at 265. But keeping the global issues in mind, we could say that if BT gets support here, then we can see it at 240 which will be our first target.

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