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IL&FS TRANSPORTATION NETWORKS LTD Share Trading Tips - Bullish breakout in daily chart , further buying expecting as long as holds above as per technical analysis point of view. (Updated On 18th July 2014, Friday).





  • As per previous report published on IL&FS TRANSPORTATION, stock gave a strong up move after breaking its strong trend line resistance of 228, 231, Stock made a intraday high of 242.50. (Click here to visit previous report on IL&FS).
  • Now daily chart indicates stock made a bullish breakout as closed above its previous top, previous top will now act as major support, a long as holds above further up move is expecting.
  • Weekly chart indicates stock is now trading above major resistance if closes above in weekly chart then short term trend is looking bullish.
  • Monthly chart indicates stock is now trading above 50% fibonacci retracement if holds above then will find golden ratio fibonacci retracement resistance around 255.



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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

.