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KPIT TECHNOLOGIES Free Share market tips - Stock facing strong trend line resistance around 191, further buying expecting once closes above as per technical analysis point of view. (Updated On 21st July 2014, Monday).





  • As per our previous report published on KPIT TECHNOLOGIES, stock gave a strong intraday move above 185 and touched its resistance @ 189. (Click here to read our previous report on KPIT TECHNOLOGIES).
  • Now daily chart indicates KPIT TECHNOLOGIES moving up from strong fibonacci fan support zone , stock is now facing strong trend line resistance around 191, if closes and stays above then further buying expecting in KPIT for next 1-2 days
    • Intraday close watch once stock starts trading above 191, can see some intraday action if stays above.
  • Daily chart also indicates stock is moving up from 20 days moving average as long as stays above will favor bulls.
  • If stock moves up from current levels then will find next strong trend line resistance around 191 and if closes above 191 and stays above then will find 161.8% fibonacci retracement resistance around 207 , as shown above.
  • Suggested article to read from our collection - How the stock market works.




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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

.