London Stock Market Technical Analysis & Predictions for Wednesday, March 11 2015

 

London stock market fall after stronger US dollar and falling commodity prices led the London stock market to drag the heavyweight energy and mining sectors stocks. Eurozone creditors have put more pressure on Greece to implement reforms to unleash aid and avoid bankruptcy. The Eurogroup ended discussions about Greece on Monday after about an hour in Brussels, as Greek finance minister Yannis Varoufakis was told to map out a realistic programme of fiscal reforms.

The FTSE 100 index fell 2.5% to 6702.84 till the end of the day, with ongoing concerns about Greece further weighing on sentiment. If during the day market is breaching the support level of 6680 on downside after consolidation, then it can test the level of 6620 with the resistance of 6720.

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Top Stock Picks for the Day : Morrison (WM) Super Markets Plc

Morrison (WM) Super Markets Plc

 

RECOMMENDATION BUY

TARGET 195

The Major trend of the top stock picks for today Morrison (WM) Super Markets Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 190 upside then it can show upside movement for the target of 195 with the stop loss of 186.

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CHART FORMATION:-

Stock is trading near its resistance and breaking above that trendline will lead to buying in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 & 200 DMA with positive bias.

Technical Chart

INDICATORS:-

RSI is trading near to 70.13 level with positive bias, in upcoming session upside movement is expected. Volume is also increasing as pattern is near its breakout.

MACD and Signal line is sustaining above the zero level line.

UK Stock Market last Session's Updates

London Stock Exchange

 

London stocks close flat after investors book profit with Index eases from all time high as markets reviewed positive flow regarding Greece. Greece confirmed on Wednesday that it will request a six-month extension "loan agreement" with its European creditors, but is not willing to continue on the same terms as its existing bailout agreement.

The FTSE 100 hit 15- year high on Wednesday and ended the session down just 0.05 points at 6898.08, retreating after hitting an intra-day high of 6,921.32. If during the day market is breaching the resistance level of 6930 on upside after consolidation, then it can test the level of 7010 with the support of 6880.

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TOP GAINER

Name	Close Price	Change %
Royal BK Scotl GR	396.5	2.59
Enterprise Inns	112.3	2.18
WPP	1482	2.14
Standard Chartered	966	2.10
Anglo American	1259	1.94

TOP LOSER

Name	Close Price	Change %
Vodafone Group	225.45	2.51
Brit Land Co Reit	811.5	2.23
Rexam	537	2.01
Land Sec Reit	1223	1.85
Shire	5100	1.64

UK Stock Pick and Technical Analysis as on Wednesday, February 18 2015

Stock Pick for Wednesday, February 18 2015

RECOMMENDATION BUY

TARGET 1840

The Major trend of Easy Jet Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 1783 upside then it can show upside movement for the target of 1840 with the stop loss of 1740.

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CHART FORMATION:-

Stock is forming inverse Head and Shoulder pattern and buying can be seen in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 & 200 DMA with positive bias.

Technical Chart

INDICATORS:-

RSI is trading near to 62.69 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

London Stock Market Update Tuesday, February 17 2015

London stocks finished with a small negative bias as traders waited to see whether the Eurozone's finance ministers, which began their weekly meeting in the afternoon, were able to reach an agreement that would allow Greece to avert a financial crisis.

The FTSE 100 ended the day lower by 16.47 points to 6857.05. If during the day market is breaching the resistance level of 6890 on upside after consolidation, then it can test the level of 6960 with the support of 6840.

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TOP GAINER

Name	Close Price	Change %
Tate & Lyle	577	3.41
Antofagasta	750	2.6
Sabmiller	3523.5	1.91
Anglo American	1220.5	1.33
BHP Billiton	1589	1.27

TOP LOSER

Name	Close Price	Change %
Centrica	278.8	2.86
Capita	1135	1.99
SSE	1537	1.98
Astrazneca	4468.5	1.81
Enterprise Inns	110.4	1.52

Stock pick of the Day : Wolseley Plc

RECOMMENDATION BUY

TARGET 3990

The Major trend of Wolseley Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 3915 upside then it can show upside movement for the target of 3990 with the stop loss of 3860.

CHART FORMATION:-

Stock is trading near it's resistance and buying can be seen in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 & 200 DMA with positive bias.

INDICATORS:-

RSI is trading near to 52.70 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

UK Stock Market Overview as on Monday, February 16 2015

MARKET OVERVIEW

 

UK Stock Exchange

London stock market was at the greener side on Friday after gains in commodity prices and Brent oil touching the prices of $60 a barrel first time this year. Also on other side hopes increased that Europe can come to an agreement over the future of Greece.

The FTSE 100 rose 0.7% to 6873.52 by the end of trade, its best finish since early September 2014. If during the day market is breaching the resistance level of 6890 on upside after consolidation, then it can test the level of 6960 with the support of 6840.

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TOP GAINER

Name	Close Price	Change %
BHP Billiton	1569	4.98
Glaxosmithkline	1553	4.54
Rolls-Royce Hldgs	944.5	4.36
BG Group	974.8	4.32
Rio Tinto	3151.5	3.68

TOP LOSER

Name	Close Price	Change %
BT Group	439.1	2.42
Carnival	2900	2.13
Associat Brit Foods	2905	2.06
SSE	1568	2.00
United Utilities Gr	954	1.95

London Stock Pick for Tuesday, February 10 2015

Jupiter Fund Management Plc

RECOMMENDATION BUY

TARGET 396

The Major trend of Jupiter Fund Management Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 386.50 upside then it can show upside movement for the target of 396 with the stop loss of 378.

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CHART FORMATION:-

Stock is expecting for breakout of level line and buying can be seen in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 200 & 50 DMA with positive bias.

Technical Chart

INDICATORS:-

RSI is trading near to 62.21 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.