Advertisement

ANDHRA BANK Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong golden ratio support at current levels, and RSI indicator is oversold zone, Stock can bounce back. (Updated On 13th August 2014, Wednesday).


ANDHRA BANK




  • As per previous report published on ANDHRA BANK, stock failed to close above 104 (its golden ratio resistance) and we witnessed a sharp selling from 104 levels to now around 75. (Click here to see past report published on ANDHRA BANK).
  • Now daily chart indicates stock is facing strong golden ratio 61.8% fibonacci retracement support at current levels, this indicates bulls have a chance to get active and move up the stock from current levels. But stock failed to take this golden ratio support then can see some further weakness.
  • Daily chart also indicates Andhra Bank s facing 200 days moving average support at current levels, as long as stock holds above it will be favor by bulls, but once stock closes below 200 DMA then bears can get active as we can see some further weakness in stock. Graph no 2 also indicates that stock indicator RSI is now moving near oversold zone this is a sign of caution for bears , as stock can see some bounce back as per RSI indicator.
  • If stock moves up from current levels then will find strong fibonacci retracement resistance around 83.50, 88.50, 92.50 and 96.50, as per graph no 3. Close Watch.
  • Click here to see all the free trading reports (tips) published by us on ANDHRA BANK.
  • Free tips on share.

No comments:

Post a Comment

Advertisement

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

.