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ADANI POWER Stock trading tips - Stock stuck in a range bound zone, Selling expecting below 56. (Updated On 15th July 2014, Tuesday).






  • ADANI POWER hourly chart indicates stock is coming down from 50%  fibonacci retracement resistance and now finding support 56, if stock starts trading below 56 and stays below then we can see some intraday action in Adani power.
    •  As long as hold above 56 stock will favor bulls.
  • Daily chart indicates stock stuck in a range bound zone of 68 - 56 , once stock comes out from its range then sharp move is expecting, as long as trades in between 68 - 56 - stock daily trend is not clear.
  • Daily chart also indicates Adani power is trading below 50 days moving average , this will favor bears once stock closes below 56.
  • If stock falls from current levels then will find golden ratio 61.8% fibonacci retracement support around 54. Close Watch.





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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

.