UCO BANK TECHNICAL ANALYSIS CHART - Stock on the verge of bullish breakout above 116. (Updated On 07th July 2014, Monday).

  • (Intraday) - UCO BANK is facing intraday trend line resistance around 116 in hourly chart, once stock starts trading above 116 with volumes and stays above then intraday bull action is expecting. Stock also indicates 50 hours moving average is crossing 200 hours average which indicates bullish signals as long as trades above.
  • (1-2 days trading) - Daily chart indicates stock is moving up from 38.2% fibonacci retracement support and now facing trend line resistance around 116, If stock closes above 116 with volumes and stays above then UCO Bank looks good for next 1-2 days.
  • (Short term trend) - Weekly chart indicates stock gave a sharp move after breaking its range bound zone and trend line resistance. Now again stock moved up from its support as shown above, If closes above its previous top around 116 and stays above then UCO BANK looks bullish for short term.


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