IL&FS TRANSPORTATION NETWORKS LTD Stock Analysis - Stock to test strong trend line resistance around 228 and 231. (Updated On 17th July 2014, Thursday).

  • IL&FS TRANSPORTATION NETWORKS LTD is moving up from strong trend line support zone and now facing strong trend line resistance around 228 and 231, Close watch chart indicates once stock closes above its trend line resistance and stays above then stock will favor bulls.
  • Weekly Chart also indicates that stock is facing strong trend line resistance and lot of selling at resistance, Once closes above 231 in weekly chart and stays above then stock will favor short term bulls of IL&FS.
  • Monthly chart indicates stock failed to close above it 50% fibonacci retracement once stock closes above 50 % fibonacci retracement then will favor long term bulls and stock will find next 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