FTSE100 | Mining Stocks Drop Down

London stocks market pulled back from it's zeneith due to the slugish performance in Mining stocks. Mining stocks droped down sharply as a number of investment banks lowered their price assumptions for iron ore.

The FTSE 100 ended session down by 0.36% at 7064.30 due to political uncertainity & trubelence ahead of busy week. 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 238

The Major trend of VODAFONE GROUP 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 229.90 then it can show upside movement for the target of 238 with the stop loss of 224.

CHART FORMATION:-

Stock is trading near its resistance and crossing the resistance will lead to upside movement. Stock is trading above the 50 and 200 DMA with positive bias.

INDICATORS:-

RSI is trading near to 58.32 level with positive bias, in upcoming session upside movement is expected.

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