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BHARAT FORGE Stock Tips - Stock moving up from support and will favor bulls, Further buying expecting once closes above 654 as per technical analysis point of view (Updated On 14th July 2014, Monday).





  • BHARAT FORGE moving up from strong 23.6% fibonacci retracement support zone and 20 days moving average, chart indicates stock to favor bulls as long as stock trades above its support zone.
  • Daily chart also indicates stock is currently facing golden ratio fibonacci retracement resistance around 654, once stock closes above its resistance and stays above then further buying expecting in bharat forge. and upper side stock will find resistance around 682 (previous top).
    • Intraday close watch once stock starts trading above 654 can see some bull action if stays above with volumes.
  • Daily chart indicates stock was trading in over bought zone as RSI index moved above 70 level and was a sign of caution. Now stock has corrected from higher levels and RSI has come down from 70 levels, This will favor bulls to move stock higher again.
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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

.