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PETRONET LNG facing strong resistance in Weekly Chart - 02nd May 2014 (Friday).





  • PETRONET LNG is moving in a down channel in weekly chart and now entering in a resistance zone, as shown above.
  • RSI - Relative Strength is also entering in a overbought zone which indicates problems for bulls.
  • And Also fibonacci retracement is trading on resistance level around 148 as shown above.
  • PETRONET might find difficulties moving up from current levels. Close watch.
  • Only trading above it trend line resistance and fibonacci retracement levels indicates further up move till then be careful making buy positions in PETRONET LNG.
  • Click here to see all the trading reports (tips) published by us on PETRONET LNG (as per technical analysis point of view).

For more free nse tips in Indian share market visit our blog daily.


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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.