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| FREE TRADING TIPS & STRATEGIES |
Market Overview :
London
stocks higher after Index managed to inch higher to a new record high
on Thursday as improving economic data across Europe and positive
developments in Ukraine boosted markets after a slow start.
The
FTSE 100 index ended up at 0.2% to 6949.73 on the day and just 0.1
points ahead of the previous all-time closing high reached on
Tuesday. If during the day market is breaching the resistance level
of 6980 on upside after consolidation, then it can test the level of
7050 with the support of 6940.
RECOMMENDATION BUY
TARGET 298
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| CHARTS & SIGNALS |
The Major trend of Sainsbury Plc is sideways and it is showing
strength for buying . If it moves above the resistance then one can
initiate the long position in the stock. If it breaks the level of
283 upside then it can show upnside movement for the target of 298
with the stop loss of 266.
CHART FORMATION :
Stock is trading near its resistance and breaking above that
trendline will lead to buying in the chart. Crossing the resistance
will lead to upside movement. Stock is trading above the 50 DMA with
positive bias.
INDICATORS :
RSI is trading near to 62.99 level with positive bias, in upcoming
session upside movement is expected.
MACD and Signal line is sustaining above the zero level line.
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