Tips On Share - RELIANCE COMMUNICATIONS facing strong resistance between 155 - 165. (Updated On 25th June -2014, Wednesday).

  • RELIANCE COMMUNICATIONS is facing strong trend line resistance between 155 - 165 as shown above, chart indicates stock will not give clear signals till stock comes out from its trend line resistance levels.
  • Weekly Chart too indicates that stock facing strong trend line resistance around 155 and next resistance around 165. Even short term trend of Reliance Communications is not clear.
  • Monthy chart indicates that stock is trading above 50 months moving average , indicates that stock to favor bulls as long as stays above. Chart also indicates that stock came down from 38.2% fibonacci retracement earlier if now breaks and closes above 38.2% fibonacci retracement in monthly chart then looks good for long term trade. Close Watch.
  • Visit our blog daily for free intraday tips on stock market.
  • Stock was on newsRELIANCE COMMUNICATION is launching a share sale to institutional investors as it looks to reduce debt. The company said it would sell shares for Rs. 142.13 each, or a discount of 5 per cent to the floor price, but the company did not specify the number of shares being sold in the offering. (Source NDTV PROFIT).
Next Stock Updated on 25th June 2014, Wednesday Around 5:00 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