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| UK stock pick of the day |
RECOMMENDATION
BUY
TARGET 2778
The primary trend of Imperial Tobbacco Plc is side ways and from last
few trading session stock is showing strength for buying and looking
strong on charts.Stock is managing to trade above 50 DMA and facing
resistance from 200 DMA , crossing of near resistance level i.e. 2685
with sl of 2645 for the target of 2778.
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 2778.
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 is trading above 25 level , Positive DI ia about to give the
break out above negativeDI with positove bias.
MACD & Signal Line is managing to trade above zero level line.
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