U.K. stock pick of the day : Intermediate Capital Group Plc

UK stock pick of the day

RECOMMENDATION Sell

TARGET

The secondary trend of Intermediate Capital Group Plc is Bullish and from last few trading session it's showing selling pressure and did not manages to sustain at higher level.Stock is facing support from rising trend line , breaching of it can show side movement one can initiates the short position in the stock below the level of 390 with Stop loss of 401 for the target of 370.

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CHART FORMATION:-

Stock has forming inverted flag pattern breaching of the neck line it can give the target of pole.

It's managing to trade below 50 DMA & 200 DMA , it's 200 DMA is about to give cross over above 50 DMA which is confirming selling in the stock.

INDICATORS:-

RSI is trading below the level of 50 and consolidating with negative bias.

MACD & Signal line is manages to sustain below zero level line with negative bias.

ADX, Negative DI is sustaining above the positive DI which is indicating weakness in the stock.

FTSE yesterday's Overview

FTSE yesterday's stock market overview

 

London's blue chips ended Tuesday on a weaker note, as investors responded to a data-heavy session against a backdrop of the on-going protests in Hong Kong.With retailers dragging the way lower, the FTSE 100 closed 23.88 points lower at 6,622.72. Technically FTSE 100 is looking week on charts as it has given the break out below the major support level of 6640 and sustain below the level .Index has manages to sustain below 50 DMA & 200 DMA and RSI is also sustain below the level of 50 with negative bias. Now upcoming session the next hurdle is 6600 level, breaching below that can test the level of 6500,6400 with the resistance of 6750.

TOP GAINER

Name	Close Price	Change %
Associat Brit Foods	2679	4.53
Enterprise Inns	124.4	2.39
Royal Bk Scotl Gr	368.2	1.88
Sainsbury	251.5	1.7
Diageo	1785	1.28

TOP LOSER

Name	Close Price	Change %
Next	6605	-3.79
Prudential	1376	-2.72
Marks & Spencer	404.6	-2.6
Legal & general	229.3	-1.97
Aviva	524.5	-1.59

 

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FTSE stock pick of the day : Intermediate Capital Group Plc

FTSE stock pick of the day

RECOMMENDATION Sell

TARGET

The secondary trend of Intermediate Capital Group Plc is Bullish and from last few trading session it's showing selling pressure and did not manages to sustain at higher level.Stock is facing support from rising trend line , breaching of it can show side movement one can initiates the short position in the stock below the level of 390 with Stop loss of 401 for the target of 370.

 

CHART FORMATION:-

Stock has forming inverted flag pattern breaching of the neck line it can give the target of pole.

It's managing to trade below 50 DMA & 200 DMA , it's 200 DMA is about to give cross over above 50 DMA which is confirming selling in the stock.

 

INDICATORS:-

RSI is trading below the level of 50 and consolidating with negative bias.

MACD & Signal line is manages to sustain below zero level line with negative bias.

ADX, Negative DI is sustaining above the positive DI which is indicating weakness in the stock.

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FTSE yesterday's overview

U.K. Stock market yesterday's overview

 

 After sliding early on, the FTSE surfed some choppy waves before climbing in the final two hours of trade to end little changed, down just 2.79 points at 6,646.60. Index is facing enough support at the level of 6600 and did not managing to breach the level at downside.In upcoming it can show correction with support of 6600 as RSI is manages to cross the level of 50 and index is trading above the 20 DMA and facing resistance from 200 DMA crossing of it can test the level of 6750,6840.

TOP GAINER

Name	Close Price	Change %
Compass Group	984	2.39
Enterprise Inns	121.5	1.93
Bg Group	1145.5	1.6
Reed elsevier Plc	994.5	1.48
Capita	1169	1.39

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TOP LOSER

Name	Close Price	Change %
Hsbc Hldg	635	-2.34
Standard Chartered	1155.5	-1.62
Anglo American	1384	-1.6
Marks & Spencers	415.4	1.49
Tesco Plc	188.72	-1.48

FTSE stock pick of the day

Hsbc Holding Plc

Stock pick of the day

RECOMMENDATION Sell

TARGET 600

The major trend of Hsbc Holding Plc is Bullish and from last few trading session it's showing selling pressure .One can initiates the position in the stock with the strategy of selling at higher level.Stock has facing major support level of 642 breacing of it can test the level of 600 with the stop loss of 655

CHART FORMATION:-

Stock has forming rounding top which is reversal pattern breaching of the support level it can test the level of 600.

It's managing to trade below 50 DMA and facing support of 200 DMA breaching of 200 DMA can further show down side movement.

INDICATORS:-

RSI is trading below the level of 50 and looking further bearish.

MACD & Signal line is manages to sustain below zero level line with negative bias.

FTSE yesterdays overview

UK stocks ended the final session of the week with a modest rise, although on the week the index was significantly lower.The FTSE 100 closed 9.68 points higher at 6,649.39.The FTSE fell during the course of the week , testing the 6600 level. In upcoming session it is looking weak on charts as it is not managing to sustain at higher level and facing selling from the top.RSI is also sustain below the level 50 with confirming the weakness in the index and it's trading below 50 DMA & 200 DMA breaching of 6600 level it can test the level of 6500,6400 with resistance of 6750.

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TOP GAINER

Name	Close Price	Change %
Brit Land Co Reit	707.5	2.31
Schroders Nvtg	1887	1.51
Shire	5355	2.19
Aviva	533	1.62
Reckitt Benck Grp	5335	1.52

TOP LOSER

Name	Close Price	Change %
Sainsbury	250.9	-2.75
Imperial Tobacco	2651	-1.63
Morrison Supermkts	171.7	-1.38
Bg Group	1130	-0.75
Enterprise Inns	119.4	-0.75

Stock pick of the day : Hsbc Holding Plc

UK stock pick of the day

RECOMMENDATION Sell

TARGET

The major trend of Hsbc Holding Plc is Bullish and from last few trading session it's showing selling pressure .One can initiates the position in the stock with the strategy of selling at higher level.Stock has facing major support level of 642 breaching of it can test the level of 600 with the stop loss of 655.

 

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CHART FORMATION:-

Stock has forming rounding top which is reversal pattern breaching of the support level it can test the level of 600.

It's managing to trade below 50 DMA and facing support of 200 DMA breaching of 200 DMA can further show down side movement.

INDICATORS:-

RSI is trading below the level of 50 and looking further bearish.

MACD & Signal line is manages to sustain below zero level line with negative bias.