Advertisement

Tips On Commodities - MCX COPPER 1 KG facing resistance (420, 423) in daily chart - (Updated On 30th June 2014, Monday).





  • MCX COPPER 1 KG facing strong trend line resistance around 420, 423, daily chart indicates that once Copper starts trading above its resistance levels and stays above then stock looks bullish and will favor bulls for next few days. Daily chart also indicates that stock facing 100 days moving average resistance, trading above 100 days moving average will favor bulls.
  • (Short term trend) - Weekly chart indicates that copper is moving in an up channel formation and now trading near support, charts indicates that as long as copper stays inside this up channel formation will favor bulls, If stock breaks its up channel formation and stays below then will favor bear and short term trend turns bearish.
  • (Long term trend) - Monthly chart indicates that stock facing strong trend line support and also 50 months moving average support zone as long as copper stays above long term trend of copper will favor bulls and bulls are on safer side.



Posted by
Labels: , , ,

Advertisement

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

.