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| Stock Reports & Signals |
London stocks rose and Index rises to record high despite uncertainty
surrounding Greece, as improving economic data in Germany and hopes
for strong consumer spending in the UK gave markets a boost. German
investor confidence improved for the fourth straight month, with the
ZEW economic sentiment survey rising to 53 in February from 48.4 in
January.
The
FTSE 100 ended the day positve by 41.08 points to 6898.13. If during
the day market is breaching the resistance level of 6900 on upside
after consolidation, then it can test the level of 6980 with the
support of 6850.
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| STOCK CHARTS |
CHART FORMATION:-
Stock is forming inverse Head and Shoulder pattern and buying can be
seen in the chart. Crossing the resistance will lead to upside
movement. Stock is trading above the 50 & 200 DMA with positive
bias.
INDICATORS:-
RSI is trading near to 62.69 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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