GITANJALI GEMS Technical Chart - Stock has formed Triangle Formation in hourly chart. (Updated On 07th July 2014, Monday).

  • GITANJALI GEMS has formed triangle formation in hourly chart, which indicates that we can expect sharp movement once stock comes out from its formation on either side.
  • Hourly chart also indicates that stock is trading above 200 hours moving average, which will favor bulls. On upper side stock will find trend line resistance around 95, 101 & 109. Once Gitanjali starts trading above these resistance with volumes and must stays above then we can expect intraday action in Gitanjali Gems.
  • Daily chart indicates that stock is holding its 20 days moving average so far (as shown above) another positive sign for bulls.
  • Suggested report to read as per technical view point - Federal Bank


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