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ESSAR OIL Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock trading above its previous top @ 120, Will favor bulls as long as holds above. (Updated on 19th August 2014, Tuesday).


ESSAR OIL




  • As per previous report published on ESSAR OIL, stock gave intraday move after breaking 120. And closes above its previous top @ 120. (Click here to see past report published on ESSAR OIL).
  • Now as per graph no 1 , stock is holding strong above 120 its previous tops, and its previous tops is now acting as a major support for Essar Oil, so as long as stock holds above 120 it will be favored by bulls.
    • Intraday close watch once stock starts trading above 123,  if stays above in day trading then intraday action is expecting. Close Watch.
  • As per graph no 2. stock is moving up from 20 days moving average, as long as holds above it will be favored by bulls, chart also indicates stock major indicator MACD is moving in +ve zone , this indicates stock to move up from current levels.
  • If stock moves up from current levels then essar oil will be next strong resistance around 130 its 161.8% fibonacci retracement as shown in graph no3.
  • Click here to see all the free trading reports (tips) published by us on ESSAR OIL.
  • Stock tips for tomorrow.
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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

.