UK Stock Market Technical Analysis and Stock Pick

UK stock market ended the final session of the week with modest gains, but struggled against weakness among the mining and energy sectors. The FTSE has broke higher during the course of the week, clearing the 6600 level with ease and manage to end the week at 6,648.13, a gain of 12.68 points on the day and 80.89 on the week. Index is looking further strong for upcommings session and sustaining above 6600 level it can test 6900 level continues to be one of the better performing ones in the European region with support of 6400 level.

TOP GAINER

Name	Close Price	Change %
Hays	127.3	2.17
Tesco Plc	195.1	2.07
Sainsbury	268.1	1.13
Kingfisher	296	1.75
Bg Group	1046	1.7

TOP LOSER

Name	Close Price	Change %
Sabmiller	3495	-1.69
Astrazeneca	4651	-1.71
Rexam Imperial Tobacco	442.5	-1.91
Rio Tinto	2848	-0.97
Smith & Nephew	3017	-0.9

UK Stock Pick of the Day : Severn Trent Plc 

RECOMMENDATION BUY

TARGET 2095

The primary trend of Severn trent Plc is bullish and it's consolidating near to resistance level crossing of the resistance can show northward journey .Stock is sustaining above the trend line with positive bias, crossing of the psychological level of 2000 it can show fresh buying .One can initiate long position in the stock above the level of 2000 with the stop loss of 1949 for the target of 2095.

CHART FORMATION:-

Stock has given the break out of falling trend line and forming bullish pattern breaching of the level 2000 it can show upside movement.

It's trading above the 50 DMA & 200 DMA with the positive bias.

INDICATORS:-

RSI is trading above the 50 level and showing consolidation, crossing of 60 level it can test the level of 70.

Macd & Signal line is about to give break out above Zero level line which is indicating strength in the stock.

Stock Pick of the day British sky broadcasting Plc

British sky broadcasting Plc

 RECOMMENDATION BUY

TARGET 895

British Sky Broadcasting Group Plc is consolidating after crossing of falling trend line .The major trend of stock is bearish and it's showing Bounce back from the bottom one can make long position with the strategy of buying from bottom .Stock has gaining strength for buying by showing accumulation with good volumes crossing of the resistance level i.e. 865 it can show the tgt of 895 with 50 DMA acting as good stop loss level at 855.

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CHART FORMATION:-

Stock has given the break out above the falling trend line and managing to sustain above it with positive bias crossing of the level 865 it can show northward journey.

It's managing to trade above 50 DMA & facing resistance from 200 DMA i.e 870 crossing of it can show the level of 895.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 62 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 line with the positive bias.

Stock pick of the day : Morrison(wm) Suppermarket

 

Morrison(wm) Suppermarket

RECOMMENDATION : BUY

TARGET 184

Morrison (wm) Suppermarket Plc is looking good for buying , Stock is showing accumulation from bottom with good volumes and gaining strength for buying. It is managing to cross the falling trend line and sustains above it with positive bias. Stock has showing consolidate near to resistance level i.e 176 crossing of it can show northward journey with stop loss of 171 for the tgt of 184.

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CHART FORMATION:-

Stock has given the break out above the falling channel and facing resistance from the level of 176 crossing of it can show upside movement.

It's managing to trade above 50 DMA & facing resistance from 89 EMA i.e 176 crossing of it can show the level of 181.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 65 crossing of it can test the level of 70.

Fast line has given the break out above slow line and it's about to give the break out above the zero level line.

ADX is trading above 25 level, Positive DI has given the break out above Negative DI which is indicating strength in the stock.

Stock Pick of the day : Standard Chartered Plc

Standard Charted PLC

RECOMMENDATION :  BUY

TARGET 1290

Standard Chartered Plc is looking good for buying ,the major trend of stock is bearish but it's showing accumulation from bottom and gaining strength for buying and managing to trade in positive territory from last few trading session. Stock has given the break out above the falling trend line managing to sustain above it for upcoming session crossing of the resistance level i.e 1230 it can show northward journey with stocp loss of 1200 for the tgt of 1290.

CHART FORMATION:-

Stock is given the break out above falling trend line and consolidating near to the resistance level crossing of it can show upside movement.

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

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 60 crossing of it can test the level of 70.

Fast line has given the break out above slow line and it's trading above the zero level line.

Stock Pick of the day, Tuesday, August 12 2014 : Tate & Lyle Plc

Tate & Lyle Plc : Stock pick for the day

RECOMMENDATION : BUY

TARGET 760

Tate & Lyle Plc is looking good for buying ,the major trend of stock is bearish but it's showing accumulation from bottom and gaining strength for buying and managing to trade in positive territory from last few trading session. Stock is consolidating near to the resistance level, crossing of it can show northward journey. One can initiate the long position in the stock above the level of 670 with stop loss of 640 for the target of 760.

CHART FORMATION:-

Stock is facing resistance from falling trend line & trading with the support of it, crossing of trend line can show upside movement.

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

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish.

Fast line has given the break out above slow line and it's trading above the zero level line.

ADX is trading above25 level, Positive DI has given the break out above negative DI which is indicating strength in the stock for buying.

Stock pick for tomorrow

Stock : Diageo Plc

RECOMMENDATION : BUY

TARGET 1855

Diageo Plc is looking good for buying ,the major trend of stock is bearish but it's showing accumulation from bottom and gaining strength for buying. Stock is facing resistance from 89 EMA breaching of it can show upside movement.Stock is shoeing bounce from bottom if it manages to consolidate near to the resistance level One can initiate the long position in the stock above the level of 1785 with stop loss of 1745 for the target of 1855.

CHART FORMATION:-

Stock is forming falling channel and breaching of it can show upside movement in the stock.

It's managing facing resistance from 89 EMA crossing of it can test the level of 200 DMA at 1819.

INDICATORS:-

RSI has shown bounce back from 30 level and consolidating near to 45 level with positive bias ,in upcoming session crossing of 50 level it can test the level of 70.

Fast line has given the break out above slow line and it's about give the break above above zero level line.

In Stochastic , K% is trading above D% which is showing strength for buying in the stock.

Stock pick of the Day, August 07 2014

Booker Group Plc

RECOMMENDATION : BUY

TARGET 137.50

Booker Group Plc is looking good for buying ,the major trend of stock is bearish but it's showing accumulation from bottom and gaining strength for buying. Stock is trading above 50 DMA and facing support from 200 DMA, Stock is facing resistance from trend line crossing of it can show upside movement.One can initiate the long position in the stock above the level of 127.50 with stop loss of 122.50 for the target of 137.50.

CHART FORMATION:-

Stock is showing accumulation from the bottom breaching of resistance level can show upside movement,

It's managing to trade above 50 DMA and facing resistance from 200 DMA crossing of it can show upside movement.

INDICATORS:-

RSI has manages to trade above 50 level and looking strong for buying , breaching of 58 level it can test 70 level.

Fast line has given the break out above slow line and managing to trade above zero level line indicating strength for buying in the stock.