Day Trading FTSE 100 picks

JOHNSON MATTHEY PLC

BUY for TARGET 3155



The Major trend of JOHNSON MATTHEY PLC it is showing strength for buying If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 3125 then it can test resistance level for the target of 3155 with the stop loss of 3095

Stock is trading in a range and trading near the trend line. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias.

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BARRATT DEVELOPMENTS PLC (LON:BDEV)

BUY

TARGET 627

If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 621 then it can test resistance level for the target of 627 with the stop loss of 615.



CHART FORMATION:-
Stock is trading in a range and trading near the trendline. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias.

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TESCO PLC

SELL



TARGET 205

The trend of TECSO PLC shows selling strength. If it breaks the support level then one can initiate the selling position in the stock.

Support level of 208 with the stop loss of 211.

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BP PLC

SELL
TARGET 428
If it breaks the support level then one can initiate the selling position in the stock.
Support level of 432 with the stop loss of 436.



RSI is trading near to 61.12 level with negative bias, in upcoming session downward movement is expected.
MACD and Signal line is sustaining below the zero level line.

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TARGET 1385
The Major trend of COCA COLA PLC it is showing strength for selling. If it breaks the support level of 1400 then it can test support level for the target of 1485 with the stop loss of 1415.



CCH is trading in a range and trading near the trend line. Breakingthe support line will lead to downside movement. Stock is trading above the 50 DMA with -ve bias.

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TESCO PLC

BUY




TARGET 217.30

The Major trend of TESCO PLC it is showing strength for buying. If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 214.25 then it can test resistance level for the target of 217.30

Skype tayal.smith1