London stocks bended higher due to the stunning performance in
Mining stocks but then too it was bounded on the upside. Vigilance is
seen by investors with high record of market over vagueness in Greece
and Macro factors.
The FTSE 100 ended up in green, gained 0.16% at 7075.26 after
wavinng between positive & negative territory through out the
day. If during the day market is breaches the resistance level of
7120 upside after consolidation, then it can test the level of 7180
on the upside and on the downside it has a support level of 7080.
RECOMMENDATION BUY
TARGET 1006
The Major trend of UNITED UTILITIESGROUP Plc is sideways and it is
showing strength for buying. It is sustaining near the resistance
level then one can initiate the buying position in the stock. If it
breaks the level of 984 then it can show upside movement for the
target of 1006 with the stop loss of 972.
CHART FORMATION:-
Stock is trading near above inverse head and shoulder pattern
neckline and breaking its resistance will lead to upside movement.
Stock is trading above the 50 and 200 DMA with positive bias.
INDICATORS:-
RSI is trading near to 62.70 level with positive bias, in upcoming
session upside movement is expected.
MACD and Signal line is sustaining above the zero level line.
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