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SHALIMAR PAINTS Technical Analysis Chart - Stock On the verge of bullish breakout above 102. (Updated On 08th July 2014, Tuesday).





  • (1-2 Days Trading Idea) - SHALIMAR PAINTS is trading above its strong trend line support zone and now heading for trend line resistance around 102, & 105, Close Watch charts indicates if closes above its resistance then stock looking bullish for next 1- 2 days trading. Close watch on resistance levels , intraday can see some action if stock sustains above its resistance with volumes.
  • (Short term trading idea) - Weekly chart indicates stock is facing strong 50% fibonacci retracement around 105, if closes above 105 in weekly chart then stock will find next 61.8% fibonacci retracement resistance around 114,
  • Weekly chart also indicates stock is now facing 200 weeks moving average resistance if stock sustains above then will favor bulls for short term. (as long as it holds above).



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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

.