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BHARAT FORGE Best Share Trading Tips - Stock coming down from strong resistance and RSI also entered in overbought zone, Can see weakness. (Updated On 21st July 2014, Monday).





  • As per previous report published on BHARAT FORGE, stock gave a sharp up move after breaking its resistance and stock now made a high of 732. (Click here to view previous report on BHARAT FORGE).
  • Daily chart now indicates stock is now witnessing selling from 161.8% fibonacci retracement resistance, as long as stock trades below weakness is expecting in Bharat forge.
    • But once stock closes above 732 (its 161.8% fibonacci retracement resistance) and stays above then further buying is expecting in Bharat forge. 
    • Intraday close watch once stock starts tradition above 732, if stays above with volume then can see some intraday bull action.
  • Daily chart also indicates that Bharat Forge previous top will now act as a major support, Close watch if stock touches around 662 then careful with you short position , stock can bounce back.
  • Daily chart also indicates stock RSI (Relative Strength Index Indicator) is now above 70 levels, which indicates stock is in overbought zone, its a sign of caution, stock can correct from current levels.
  • Suggested article to read from our collection - National Saving Certificate of India.




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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

.