HINDUSTAN UNILEVER Technical Chart - Stock on the verge of bullish breakout above 635. (Updated On 09th July 2014, Wednesday).

  • HINDUSTAN UNILEVER is moving in a range bound zone in hourly chart 635-610., which indicates once stock comes out from its range then sharp move is expecting. 
  • Daily chart also indicates stock is now facing golden ratio fibonacci retracement resistance , once closes above its resistance level with volumes and must stays above then stock looking bullish for next 1-2 days.
  • Daily chart also indicates that stock is moving up from 38.2% fibonacci retracement support zone , that will favor bulls.
  • Suggested Article to read - Investing in IPO

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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