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MRF LTD Stock Technical Analysis - Stock moved up from strong trend line support , further buying expecting once stock closes above 24750. (Updated On 24th July 2014, Thursday).





  • MRF LTD moved up from strong trend line support zone, and stock now finding resistance around 24750, technical chart indicates once stock closes above 24750 and stays above further buying is expecting in MRF.
    • Intraday close watch once stock starts trading above 24750, If stays above with volumes then can see intraday action by bulls.
  • If stock moves up from current levels then will find strong trend line resistance around 25,500 and 161.8% fibonacci retracement resistance around 26900.
  • Daily chart also indicates stock gave a strong up move with good volume and MRF Stochastic Oscillator indicator had turned positive (as shown above in chart), this will favor bulls to move stock further up. Close Watch.


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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

.