ICICI BANK Stock Tips - Stock on verge of bearish breakout below 1372, Coming down from resistance. (Updated On 11th July 2014, Friday).

  • ICICI BANK coming down from golden ratio fibonacci retracement resistance and now facing support around 1372, Close watch once stock closes below 1372 and stays below then can see further weakness, Intraday we can see some action once stock starts trading below 1372, close watch.
  • Daily chart also indicates ICICI BANK is trading below 23.6% fibonacci retracement and indicating weakness and will find next 38.2% fibonacci retracement support around 1340.
  • Chart also indicates stock is trading below 50 days moving average as long as trades below stock will favor bears.

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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