Share Market Tips - INDRAPRASTHA GAS (IGL) on the verge of breakout. (Updated On 25th June 2014, Wednesday).

  • INDRAPRASTHA GAS is moving in an up channel formation and will be facing minor trend line resistance around 357 in daily chart, Up channel formation indicates that stock to favor bulls as long as it moves in up channel formation.
  • Weekly chart of IGL indicates that stock moving up from 23.6% fibonacci retracement support, above 357 will favor short term bulls if closes above in weekly chart.
  • Monthly chart of IGL indicates that stock is trading on its golden ratio fibonacci retracement resistance level , if stock closes above 61.8% fibonacci retracement and stays above then long term trend of IGL remain bullish. Close Watch.
  • Stock was on news today - In oil and gas space we are hearing a lot of positive news but (IGL) has been a very slow mover so far, it has remain a laggard.
  • After diesel, the government is considering raising cooking gas (LPG) and kerosene rates in small doses of Rs. 5 per cylinder and Rs. 0.50-1 a litre every  month to wipe out Rs. 80,000 crore subsidy on the two fuels.
Next Stock Update on 25th June 2014, Wednesday, Around 1:00 pm


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