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Tips On Share Market - MAHINDRA CIE AUTOMOTIVE, Sharp up move in last two day, Technically stock now in over bought zone. (Updated On 24th June 2014, Tuesday).





  • MAHINDRA CIE AUTOMOTIVE gave strong up move in last 2 days and even today (24-06-14) up by 17.70% in NSE at 1:19 pm , Daily chart indicates that stock is now trading in overbought zone and needs for caution for fresh long and careful on all upper resistance as stock can correct from higher levels.
  • Weekly chart too indicates that stock is now trading in overbought zone as shown above, on upper side stock will now face resistance between 208-215 (Trend line resistance and fibonacci retracement resistance).
  • Monthly chart indicates that stock is now trading above its major resistance and if closes above its resistance in monthly chart then stock can give further stretch till next resistance.
  • Visit our blog daily for more share market tips on Indian stock market.
  • This stock is on news today (24th June 14) as shareholders approved the merger of five subsidiaries with itself. Including today's surge, the stock has appreciated over 38 per cent in last two days. On Monday, the stock had closed 20 per cent higher at Rs. 143.90.
  • Mahindra CIE Automotive, which was earlier known as Mahindra Forging, said in a filing to BSE on June 20 that its shareholders have approved merger of Mahindra Hinoday Industries (MHIL), Mahindra Ugine Steel Company (MUSCO), Mahindra Gears International (MGIL), Mahindra Investments India (MIIPL) & Participaciones Internacionales Autometal Tres SL and Mahindra CIE Automotive company.
Next Stock Update On 24th June 2014, Tuesday Around 2:30 pm.


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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

.