Thursday, December 24, 2015

Accenture free stock tips and technical outlook - Stock forming rectangle pattern - updated for 24th December 2015, Thursday


Stock is now forming rectangle pattern in daily chart technical also indicates that it is moving up from strong trend line support zone @ 101.20.

As long as it holds above its trend line bulls will be favored and further bulls action can be seen in coming days.

MACD indicator is so far moving in negative zone once it enters in to positive zone then price rise can be seen in coming days.

Suggested reading - Visit link to see list of NSE Holidays 2015.

RSI indicator is in safe zone trading around 50 pts.

If stock moves up further from current levels on higher side will find strong trend line resistance at its previous top around 110 as shown in above technical image.

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U.S. Stocks Notch Fifth Straight Week of Gains - News - 180316

Market improves as oil prices rebound and data show U.S. economy continuing to expand.

The S&P 500 erased its losses for the year Friday, joining the Dow industrials in positive territory as major indexes notched their fifth straight week of gains.

The week’s advance accelerated after the Federal Reserve on Wednesday signaled a more gradual path of interest-rate increases. The Dow Jones Industrial Average, which has risen for six sessions in a row, gained 2.3% this week. The S&P 500 added 1.4%