MCX Stock Analysis - Stock made a bullish breakout in daily charts, Will favor bulls. (Updated On 14th July 2014, Monday).

  • MCX (MULTI COMMODITY EXCHANGE) had made a bullish breakout in daily chart , Technical indicates as long a stock holds above its trend line stock will favor bull, Previous resistance will now act as a major support for MCX as shown above in image 1.
  • (Short term trading view) - Weekly chart indicates stock is taking strong support of its 20 weeks moving average and now trading above , which indiciates that short term trend will favor bulls as long as stock trades above its moving average. On Upper side stock will test its 38.2% fibonacci retracement resistance around 760.
  • Monthly chart indicates stock now closed above and is now trading above its 23.6%  fibonacci retracement resistance , will favor bulls in monthly chart too,  Stock will now test its 38.2%  fibonacci retracement resistance around 760 as per monthly chart.
  • Stock Was On News 08/07/14 - Billionaire investor Rakesh Jhunjhunwala purchased nearly 2% stake in commodity bourse MCX for over Rs 66 crore, as its erstwhile promoter  FTIL diluted its holding from 26 percent to 24 percent. According to information available with the stock exchanges.

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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