London stocks rally after a long weekend in UK market. Buoyed by the recent jump in crude prices, improving economic data and speculation that the Federal Reserve will not rush to hike interest rates
The FTSE 100 index ended the session up by 1.88 % at 6961.77, as traders retained their desks while having bullish mood to the market. If during the day market is breaching the resistance level of 7000 on upside after consolidation, then it can test the level of 7080 with the support of 6940.
The FTSE 100 index ended the session up by 1.88 % at 6961.77, as traders retained their desks while having bullish mood to the market. If during the day market is breaching the resistance level of 7000 on upside after consolidation, then it can test the level of 7080 with the support of 6940.
G4S PLC
RECOMMENDATION BUY
TARGET 309
The Major trend of G4S Plc is sideways and it is showing strength for buying. It is sustaining above the resistance level then one can initiate the buying position in the stock. If it breaks the level of 303 then it can show upside movement for the target of 309 with the stop loss of 298.20.
CHART FORMATION:-
Stock is trading near its resistance and Crossing the support will
lead to upside movement. Stock is trading above the 50 and 200 DMA
with positive bias.
INDICATORS:-
RSI is trading near to 63.10 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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