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CESC LTD Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock closed above its golden ratio, will favor bulls as long as holds above. (Updated on 23rd August 2014, Saturday).


CESC LTD




  • As per previous report published on CESC stock gave a gave sharp intraday move after breaking its golden ratio resistance @ 714 and so far made a high @ 723. (Click here to see previous report published on CESC LTD).
  • Now technicals indicates that stock has closed above its golden ratio resistance and made a bullish breakout, as shown above in graph no1, so as long stock holds above resistance it will be favored by bulls and on upperside will find next strong resistance around 785 its previous top.
  • As per graph no 2 stock is holding its 100 day moving average , by looking at then chart closely it shows that from last four time stock touched its 100 DMA and bounced back, even this time also stock touched 100 DMA and bouncing, so as long as trades above bull will bee favored. Close Watch.
  • As per graph no 3 stock major indicator "MACD" is moving in +ve zone and above levels zero and other indicator  "stochastic oscillator" too moving in +ve zone both indicating bullish signals, stock third indicator "RSI" is moving below level 70 this indicates stock is not in overbought zone , this will favor bulls to take stock further up.

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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

.