Tuesday, 7 October 2014

FTSE Stock of the day : Coca Cola Hbc Ord



U.K. stock pick of the day


RECOMMENDATION BUY
TARGET 1399
The primary trend of Coca Cola Hbc Plc is side ways and from last few trading session stock is showing strength for buying and looking strong on charts.Sto ck is showing buying from dips and facing resistance from the falling trend line breaching of it can show upside movement .One can make a long position in the stock above the level of 1345 with sl of 1315 for the target of 1399.

 
CHART FORMATION:-
Stock has managing to trade with positive bias and consolidating near to resistance level crossing of it can show northward journey.
It's facing resistance from 200 DMA breaching of the 200 DMA can test the level of 1399.



INDICATORS:-
RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.
In ADX , Positive DI has given the break out above negative DI which is confirm strength in the buying side.