FINOLEX CABLES Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock is moving in a stiff range, Close watch will favor bulls once closes and stays above 225. (Updated On 28th August 2014, Thursday).


  • As per previous report published on FINOLEX CABLES, stock showed some intraday action after breaking its resistance @ 221 , and made a high @ 225 but failed to closed above 221 and get back to its range bound zone. (Click here to see previous report published on FINOLEX CABLES).
  • Now current chart indicates stock is moving in a range with some false breakout as shown in chart no1. Stock chart shows that earlier stock tried to break in range on down side but failed to closed below and bounced back, and recently too stock tried to break its range on upper side and failed to close above and fell down to its range. Close watch stock will give some clear direction once it close and stays above or below its range zone. Till then it will zig zag in its range.
  • As per chart no 1 once Finolex Cables closes above 225 and holds above then stock will be in bulls grip for next few trading days.
    • Intraday share tips - close watch when Finolex Cables starts trading above 225 during market hours if holds above then intraday bulls action is expecting.
  • Technical also indicates that finolex cables is trading above its 100 days and 50 days moving average, so as long as it is trading above 100 DMA it will be favored by bulls, by looking closely from last 2 times it is moving up from 50 DMA this will favor bulls as long as holds above.
  • If Finolex Cables closes and stays above its current high @ 225 then will find next strong resistance around 237 its 161.8%  fibonacci retracement.
  • Click here to see all the free trading reports (tips) published by us on FINOLEX CABLES.
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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