Stock pick of the day : Betfair Group Plc

 

Stock pick of the day : Betfair Group Plc

RECOMMENDATION BUY

 

TARGET 1144

Betfair Group Plc is looking strong on charts for buying .The over all trend of stock is bullish and it has manages to give the break out above the trend line and sustain above that with positive bias.In upcoming session it can show upside movement after crossing of the resistance level at 1101 it can test the level of 1144 with the stop loss at 1080.

 

For free stock picks trial click here

 

CHART FORMATION:-

Stock has given the break out of trend line and forming flag pattern which is continuation pattern crossing of the neck line it can give the target of pole.i.e 1144.

It's managing to trade above 50 DMA and 200 DMA with positive bias.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 57 crossing of it can 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 which is indicating upside movement.

Top Gainers and losers of UK stock market

Top gainers and losers of UK stock market

 

TOP GAINER

Name	Close Price	Change %
Enterprise Inns	125.81	2.79
Barclays	228.1	2.59
Dly Mail & Gen Tst A	891	2.12
Bg Group	1232.5	2.03
Schroders Nvtg	1931.9	1.79

For free stock picks trial click here

 

TOP LOSER

Name	Close Price	Change %
Bhp Billiton	1891	-1.51
Rolls-Royce Hlngs	1024	-0.68
Royal Bk Scotl Gr	349.45	-0.59
3I Group	1103	-0.51
Sse	1488	-0.45

UK stock market Today's overview

 

UK stock market Today's overview

London's FTSE 100 finished higher off its best levels of the day, bolstered by upbeat services data from China and the UK and on hopes for a potential ceasefire between Ukraine and Russia.

The blue-chip index rose for the fourth straight session, at one point reaching an intraday high of 6,898.62, a level not seen since early January 2000.

The FTSE 100 opened  gap up  and sustain at higher 

with positive bias  which indicating the strength on 

current trend.

FTSE100 faced resistance at 6900 level which is 

being quite strong in near term if it manages to 

cross the level of 6900 it can test the level 7000 

with support of 6800. 

Index Is managing to trade above 50DMA & 200 

 DMA & RSI is trading above 65 level it can test the 

level 70 once. 

For free stock picks trial click here 

UK Stock pick of the day : Betfair Group Plc

 

UK Stock pick of the day

RECOMMENDATION BUY

TARGET 1144

Betfair Group Plc is looking strong on charts for buying .The over all trend of stock is bullish and it has manages to give the break out above the trend line and sustain above that with positive bias.In upcoming session it can show upside movement after crossing of the resistance level at 1101 it can test the level of 1144 with the stop loss at 1080.

CHART FORMATION:-

Stock has given the break out of trend line and forming flag pattern which is continuation pattern crossing of the neck line it can give the target of pole.i.e 1144.

It's managing to trade above 50 DMA and 200 DMA with positive bias.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 57 crossing of it can 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 which is indicating upside movement.

Top gainers and losers of U.K. Stock market

Top gainers and losers of U.K. stock market

 

TOP GAINER

Name	Close Price	Change %
Anglo American	1562	2.53
Tesco Plc	230.9	2.37
Tate & Lyle	694.5	2.13
Man Group	120.5	2.03
Aviva	526	1.94

For free stock picks trial click here

 

TOP LOSER

Name	Close Price	Change %
Royal Bk Scotl Gr	351.5	-2.44
Enterprise Inns	122.4	-1.84
Sse	1494	-1.65
Hays	132.9	-1.56
Lloyds Banking Grp	74.85	-1.36

UK stock market overview

UK stock Market overview

The FTSE ended Tuesday's session with a modest rise, as investors weighed 

better-than-expected construction data and looked ahead to what is set to 

be the busier half of the week.

The FTSE 100 opened  gap up  and made a intra day high at 6849.50 and 

showed down side movement after that and faced enough support at the 

level of 6800 and showed bounce back from their and closed on moderate 

gain at  6829.17.

FTSE is ready to go higher, and ultimately should continue the up trend 

However, the 6900 level above is very resistive, and it is going to take 

quite a bit of effort to get above there.If it manages to breach the 6900 

level and sustains above that it can test the level of 7000. 

For free stock picks trial click here  

  

EUR/USD leveling at 1.3041 after hitting yearly lowest in FOREX

Most popularly traded Forex pair EUR/USD is falling low in the trade today. In the premiering hours of trade, the pair hit lowest point in 52 weeks citing further dropping in the level as the day advances.

Starting the month of September EUR/USD opened at 1.3118 marking weak cues in the global market in the prior week as the level is dangerously close to yearly lowest point. In the last week closing on 29 August 2014, the pair faced tremendous pressure from Asian trades and fell below its previous lowest level of 1.3150 in afternoon recorded at New York stock exchange.

European official currency Euro rebounded with positive cues from its domestic trading session. The currency is trading at 1.3130 which is a tag higher as compared to its previous closing.

Forex traders are looking out for the much awaited move from European Central Bank after the statements made about Quantitative easing made after the meeting of Jackson Hole concluded. US market is however closed for the day as an official holiday declared as Labor day.

EUR/USD levels to work on

According to technical analyst, immediate supports for EUR/USD is standing at 1.3118 (September 1 low), 1.3104 (September 6 2013 low) and psychological level at 1.3100. On the other hand, resistance level is marking level at 1.3140 (20-hour SMA), 1.3195 (August 29 high) and 1.3210 (10-day SMA).

The pair is trading 0.07 percent higher at 1.3041 according to latest data record at 0830 hours GMT. Market is looking slightly bullish but is overbought.

For free FOREX signals trial click here