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MARUTI UDYOG Technical Analysis Chart - Stock facing strong resistance in daily and weekly chart. (Updated On 08th July 2014, Tuesday).





  • (Intraday trading idea) - MARUTI is moving in a strong range bound zone in hourly chart as shown above with a range of 2665-2608, Chart indicates once stock breaks its range and stays below or above it range bound zone then sharp movement is expecting in intraday.
  • (1-2 days trading idea) - Daily chart indicates stock is now facing strong 161.8% fibonacci retracement resistance once closes above its resistance and stays above then stock looking bullish and will favor bulls.
  • (Short term trading idea) - Weekly chart also indicates the same, that stock is facing 261.8% fibonacci retracement resistance, short term trend will again turn bullish once Maruti closes above and must stays above its resistance, till then short term trend of Maruti is not clear.





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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

.