ICICI BANK Share Market Tips - Stock facing strong trend line resistance around 1468 in hourly chart as per technical analysis point of view. (Updated On 17th July 2014, Thursday).

  • As per previous report published on ICICI BANK stock gave good selling after breaking its support of 1372 and touched its 38.2%  fibonacci retracement support zone. (Click here to read previous report on ICICI BANK).
  • Now hourly chart indicates stock is facing strong trend line resistance around 1468, once ICICI BANK starts trading above 1468 and stays above then can see some intraday action.
  • Daily chart indicates ICICI BANK is moving up from 38.2% fibonacci retracement and also trading above 100 days moving average this will favor bulls as long as stock trades above its suppot zone.
  • Daily chart also indicates stock will find resistance around 1468, 1490 & 1510. Closing above these levels will take stock further up.

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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