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TATA EXLSI INDIA Free Share Market Trading Tips - Stock on the verge of bullish breakout above 647 as per technical analysis point of view. (Updated On 18th July 2014, Friday).





  • TATA ELXSI (I) moving up from 20 days moving average and 38.2%  fibonacci retracement support as shown above, close watch daily chart indicates as long as stock holds above TATA ELXSI will favor bulls.
  • Daily chart also indicates stock is facing strong trend line resistance around 647, If stock holds above and closes above 647 then further up trend is expecting. Above 647 stock will find next resistance around 668.50.
    • Intraday close watch once Tata Elxsi starts trading above 647 can see some action.
  • Monthly chart indicates stock is facing 261.8% fibonacci retracement resistance around 668.50, once closes above stock looking good for short-long term traders.


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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

.