Friday, 19 September 2014

U.K. stock pick of the day : Croda International Plc



The primary trend of Croda International Plc is bullish and from last few trading session it is managing to sustain at higher level with positive bias.Stock is trading with support of falling trend line crossing of it can show upside .One can make a long position in the stock above the level of 2220 with sl of 2170 for the target of 2300.


Stock has managing to trade with positive bias and consolidating near to resistance level crossing of it can show northward journey.
It's 200 DMA has given the break out above 50 DMA which is indicating buying in the stock.


RSI is trading above the level of 50 and forming downward channel , Breaching of the channel can manage to test the level of 70.
Fast line has given the break out above slow line and it's sustains above the zero level.
ADX is trading above 25 level , Positive DI has given the break out above negative DI.