Thursday, 13 November 2014

UK Stock Pick of the Day and its Technical Analysis


Technical Report of UK stock pick of the day Unilever PLC
Stock of the Day

RECOMMENDATION BUY
TARGET 2675
The primary trend of Unilever Plc is side ways and it's consolidating near to resistance level crossing of the resistance can show northward journey .Stock has shown recovery from the bottom and manages show positive bias from last few trading sessions.One can initiates the long position in the stock above the level of 2575 with the stop loss of 2525 for the target of 2675.

CHART FORMATION:-
Stock is showing consolidation and sustain at higher level with positive bias.
It's trading above 50 DMA and facing resistance from 200 DMA crossing above it can show upside movement

Detailed technical analysis of the UK stock pick of the day unilever plc
Technical chart

INDICATORS:-
RSI is trading near to level of 70and showing consolidation , Breaching of the resistance level can manage to test further high.
In ADX , Positive DI is placed above negative which is indicating strength for buying.
Macd & Signal line is about to give break out above Zero level line which is indicating strength in the stock.