CIPLA LTD Technical Analysis - Stock moving up from strong support. (Updated For 30th June 2014 , Monday).

  • CIPLA LTD moving up from strong fibonacci fan support in daily charts as shown above, stock will now find resistance around 443, once stock breaks with volumes and starts trading above 443 and must stays above then will see some bulls action for 1-2 days.
  • (Short term trend) - Weekly chart indicates stock is stuck in a range bound zone and short term trend is not clear till it breaks it range bound zone.
  • (Long term trend) - Monthly chart indicates that stock is in long term bullish mode and is moving up from strong 23.6%  fibonacci retracement and also from strong trend line support zone as shown above. On upper side will find resistance around 450, Once Cipla closes above 450 in monthly chart then stock to extend its bull rally.
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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