NEYVELI LIGNITE CORPORATION Stock Analysis - Stock has formed Triangle formation in daily chart, sharp move expecting. (Updated On 07th July 2014, Monday).


  • NEYVELI LIGNITE CORPORATION (Intraday) facing strong trend line resistance and support nearby in hourly chart, which indicates can see some intraday action once stock breaks its trend line support either up or down. (Trend Line Support around - 97, 94.50, 91) - (Trend Line Resistance around - 102, 104.50).
  • (1-2 Days trading idea) - Daily chart indicates stock has formed triangle formation , which indicates sharp move is expecting once stock breaks and closes above or below its formation, close watch.
  • (Short term trading idea) - Weekly chart indicates stock gave a sharp move from Rs 50 to Rs 110 and got corrected , close watch stock is now facing and holding 23.6% fibonacci retracement support as shown above, till stock holding this support it will favor bulls, but once it closes below on its 23.6% fibonacci retracement support then bears can take this stock down further.
  • Stock was on news on 04th July 2014, Friday - NLC to generate additional 1,500 MW power in five months, NLC) owned New Thermal Power Stations in Tamil Nadu would generate additional 1,500 MW power within five months, a senior official has said.


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