London stocks ended on higher note, after reaping benefits from Mining stocks and stunning performance in first quarter by UK lender, Lloyds played a very crucial to end up UK markets on green, as investors shake off mostly worse than expected economic data.
The FTSE 100 ended the day up 25.32 points at 6,985.95, after dragging back preceding losses. Favorable Wall Streets also played a vital role in ending up the UK market in green. If during the day market breaches the support level of 6900 downside after consolidation, then it can test the level of 6820 on the downside and on the upside it has a support level of 6960.
RECOMMENDATION SELL
TARGET 1464
The Major trend of WPP Plc is sideways and it is showing strength for selling. It is sustaining below the support level then one can initiate the selling position in the stock. If it breaks the level of 1509 then it can show downside movement for the target of 1440 with the stop loss of 1561.
CHART FORMATION:-
Stock is trading in a range and breaking its support will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 36.70 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.
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