Stock Pick for the day for Friday, February 13 2015 : MTR Corporation

Stock Pick of the Day

Recommendation Buy

Target : 37&40

Recommended Price : 35

Stop Loss: 33

STOCK SUMMARY:-

Major trend of stock is bullish on chart. It has been trading with higher top and higher bottom formation on charts. It has shown good consolidation on higher level and now it is likely to give upside break out from resistance level. We recommend the stock to buy as it is sustaining above 50 DMA. One can keep the stop loss of 33 support of 200 DMA at and stock is likely move north ward in upcoming session and targets of 37 & 40 can be seen in short term.

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CHART FORMATION:-

Stock has given a good consolidation formation of short term on intra day chart. An appearance of moving average golden cross on hourly chart showing that momentum would be bullish in upcoming session we recommend to buy the stock on dip.

INDICATORS:-

MACD Line has crossed above its single line, which can bring upward momentum in the stock.

RSI is trading above 50 mark showing that stock may remain bullish in upcoming session.

On ADX there is a bullish crossover of positive DI and Negative DI and crossing of ADX above 25 can bring further buying in the stock.

Forex Pivot Points for Tuesday, February 10 2015

Pivot Points for Tuesday, February 10 2015

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1185	1.1227	1.1276	1.1318	1.1367	1.1409	1.1458
GBP/USD	1.5110	1.5154	1.5184	1.5228	1.5258	1.5302	1.5332
USD/JPY	117.35	117.83	118.24	118.72	119.13	119.61	120.02
USD/CHF	0.9097	0.9145	0.9191	0.9239	0.9285	0.9333	0.9379
AUD/USD	0.7657	0.7701	0.7752	0.7796	0.7847	0.7891	0.7942
EUR/GBP	0.7364	0.7387	0.7414	0.7437	0.7464	0.7487	0.7514
USD/CAD	1.2293	1.2359	1.2414	1.2480	1.2535	1.2601	1.2656
NZD/USD	0.7221	0.7271	0.7341	0.7391	0.7461	0.7511	0.7581

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EURO USD Forex Technical Chart for Tuesday, February 03 2015

EUR/USD

SUMMARY :- The primary trend of EUR/USD is bearish,in its hourly chart the pair is sustaining on rising trendline & consolidating with a negative bias. For today also, we can expect it to continue its ongoing trend. If EUR/USD sustains below 1.1295 levels, it can come down to the levels of 1.1260/1.1220. MACD is successfully sustaining below the zero line indicating the bearish sentiment in the market.

RSI is also supporting the same.

STRATEGY:- For Today EUR/USD is looking weak on chart. We can expect downside movement for few upcoming session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.