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SKS MICROFINANCE Share Tips - Stock moving up from strong trend line support and now facing strong resistance around 291.50 as per Technical Analysis point of view (Updated On 21st July 2014, Monday).





  • SKS MICROFINANCE moving up from strong trend line support in daily chart as shown above, chart indicates as long as stock holds above will favor bulls.
  • Daily chart also indicates stock will now be facing strong 61.8 golden ratio fibonacci retracement and trend line resistance between 287-291.50, once stock closes above its resistance zone and stays above then further bull action is expecting, till then stock will be range bound.
    • Intraday close can see some action once stock starts trading above 291.50 its resistance zone. Close Watch.
  • Weekly chart indicates stock gave a false weak signal by closing below 23.6% fibonacci retracement support and then sudden reversal, which indicates stock will favor bulls as long as holds above its support zone.
  • Suggested article to read -What Is Financial Market.




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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

.