London stocks witnessed rally provisionally ahead of four day weekend in UK market. Tremendous performance was shown by M&S Group and others in retail sector which strengthened the London stocks to end up in green. Another factors which was seen highlighted is pervasive mention of Greece.
The FTSE 100 index ended the session up by 0.35 % at 6833.46, as vigorous performance was seen by retail sectors . If during the day market is breaching the resistance level of 6860 on upside after consolidation, then it can test the level of 6920 with the support of 6820.
INTERNATIONAL PERSONAL FINANCE PLC
RECOMMENDATION BUY
TARGET 499
The Major trend of INTERNATIONAL PERSONAL FINANCE Plc is sideways and
it is showing strength for buying. If it moves above the resistance
level then one can initiate the buying position in the stock. If it
breaks the level of 491.20 then it can show upside movement for the
target of 499 with the stop loss of 485.80.
CHART FORMATION:-
Stock is trading near its resistance and it is forming double bottom
pattern 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 61.94 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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