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ITC LTD Share Tips - Stock facing strong resistance around 350 as per technical analysis point of view. (Updated On 21st July 2014, Monday).





  • As per previous report published on ITC, stock failed to break it strong support zone and took support and moved up. (Click here to see past report on ITC LTD). 
  • Now daily chart indicates stock in now facing strong trend line resistance and fibonacci arc resistance around 350, Once ITC closes above its resistance zone and stays above then can see some further up move for next 1-2 days.
    • Intraday close watch on ITC once starts trading above 350, if stays above then can see come intraday action.
  • Daily chart also indicates stock is also facing 50% fibonacci retracement resistance, if closes above its resistance zone and stays above then can see some further up move for next 1-2 days.
  • Weekly chart indicates ITC gave a false bearish breakout and after that it again moved up to its strong trend line support zone , this will favor bulls. Close Watch.



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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

.