TATA CONSULTANCY SERVICES (TCS) Share Market Trading Tips - Stock moving up from strong support zone , Will favor bull if closes above previous top (around 2490) - as per technical analysis point of view. (Updated On 22nd July 2014, Tuesday).

  • TCS moving up from strong fibonacci fan line support in daily chart as shown above, and now finding strong trend line resistance around 2490, close watch technical indicates if stock closes above 2490 and stays above then stock to favor bulls.
  • Weekly chart indicates stock is moving up moving up from 38.2% fibonacci retracement support zone and made a bullish breakout in weekly chart as shown above , as stock is trading above it previous top in weekly chart, this indicates bulls are active in TCS and can take stock further up. Close Watch.
  • Monthly chart of TCS indicates stock is on long bull run since 2009 till now 2014 stock is moving in a long up channel, this will favor bulls.
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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