Technical Analysis Of CESC LTD - Further buying expecting above 657. (Updated On 30th June 2014, Monday).

  • CESC LTD gave a sharp move in intraday once it broke its range bound zone as shown above. Stock will now face resistance around 657 in hourly chart, Once CESC breaks 657 with volumes and must stays above then can see some intraday action in CESC.
  • Daily chart indicates stock is moving up from 38.2%  fibonacci retracement support zone and gave a sharp up move after that, Chart indiciates if stock closes above 657 with volumes and sustains above then can see bulls to get active for next 1-2 days.
  • (Short term trend) - Weekly chart indicates that stock gave sharp move after breakout in past, this time will find resistance around 657, if closes above 657 in weekly charts then stock will favor short term traders.
  • (Long term trend) - Monthly chart indicates that stock is trading above 161.8%  fibonacci retracement and long term trend is still bullish. Stock will now find resistance around 720 (trend line).
  • Previous report you find interesting to read - Bank nifty trading tips.


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