Advertisement

FUTURE RETAIL (FRL) Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock has formed descending triangle formation, weakness expecting once stock closes below 117. (Updated On 14th August 2014, Thursday).


FUTURES RETAIL LIMITED




  • As per chart no1, FRL has formed descending triangle formation in daily chart, this indicates when stock comes our from its formation then sharp move is expecting in FRL. Close Watch once stock closes below 117 and stays below then stock to get further weak for next 1-2 trading days.
  • Daily chart also indicates that stock will also test its 100 days moving average , as long as stock trades above it will favor bulls. But once closes below then bears will get active and stock to see further weakness, as shown in graph no2. Close Watch.
  • As per chart no3 FRL major trend indicator like MACD and stochastic oscillator is now moving in -ve zone, this indicates stock will favor bears. And if stock falls from current levels then will find strong support around 117, 110 and 87.50, as shown above. Close Watch.
  • Click here to see all the free trading reports (tips) published by us on FRL.
  • Free intraday tips for tomorrow.

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

.