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| FTSE stock pick of the day |
RECOMMENDATION
BUY
TARGET 725
The primary trend of St. James Place Plc Ord is Bearish and from
last few trading session stock is showing strength for buying and
looking strong on charts. Stock is facing support from the level 650
sustaining above that can show northward journey.One can initiate the
long position in the stock above the level of 671 with Sl 650 for the
target 725.
CHART FORMATION:-
Stock is forming inverse H&S pattern which is reversal pattern ,
crossing of the neck line it can give test the level of 725 .
Stock is sustaining above 50 DMA and facing support from 200 DMA
crossing of it can show upside movement
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| Technical Chart |
INDICATORS:-
RSI is trading near to the level of 50 and showing consolidation ,
Breaching of the resistance level can manage to test the level of 70.
In ADX is trading near to25 level , Positive DI is about to give the
break out above negative with positive bias.
Macd & Signal line is about to give break out above Zero level
line which is indicating strength in the stock.
