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UNITED SPIRITS (MC DOWELLS) Free Technical Analysis - Stock finding strong 23.6% fibonacci retracement resistance at current levels. (Updated On 24th July 2014, Thursday).






  • As per previous report published on United Spirits stock gave a good pull back from its support and made a high of 2420. (Click here to read previous report on United Spirits).
  • Now daily chart indicates stock is finding strong 23.6% fibonacci retracement resistance at current levels around 2420), Stock can see selling from current levels if won`t breaks its resistance. Chart indicates if stock closes above 2420 and stays above then further buying is expecting in United Spirits.
    • Intraday close watch if stock trades above 2420 then can see some intraday bull action in United Spirits.
  • Daily chart indicates If stock falls from current levels then will find strong support around 2255 (its previous bottom).
  • Chart also indicates stock is currently finding strong 20 days moving average resistance , if trades below then will favor bears,
    • It must trades above 20 days moving average to 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

.