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IOC Share Tips, Technical Analysis Chart - Stock has formed descending triangle formation, Selling expecting once stock starts trading below 319. (Updated for 28th July 2014, Monday).





  • IOC has formed descending triangle formation in hourly chart, which indicates once IOC starts trading below 319 and stays below then intraday can see weakness.
  • Daily chart indicates stock is facing strong 50%  fibonacci retracement support around 319 , once closes and stays below 319 then IOC looking weak for next 1-2 days. If falls then stock will find golden ratio 61.8%  fibonacci retracement support around 308 , as shown above.
  • Technical Chart also indicates MACD indicator is in -ve zone and has now come down below 0 levels , indicates stock looking weak for short term. Close Watch.
  • Click here to see all the reports (tips) published by us on IOC (as per technical analysis point of view).



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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

.