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HDFC BANK Stock Analysis - Stock is on the verge of its Ascending Triangle Formation Breakout. (Updated For 07th July 2014, Monday).





  • HDFC BANK is moving up from 20 hours moving average support zone and now facing strong trend line resistance in hourly chart, Which indicates once stock starts trading above its trend line resistance (around 858) with volumes and stays above then can expect sharp intraday move in HDFC BANK.
  • Daily chart indicates stock has formed ascending triangle formation, once HDFC BANK comes out from its formation and stays above then sharp up move is expecting for next 1-2 days.
  • Weekly chart indicates stock gave a sharp move after breaking out its top as shown above, and now facing 161.8% fibonacci retracement resistance, if stays above then stock is looking good for short term.



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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

.