NMDC LIMITED Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving in a down channel formation in daily chart, will favor bulls once stock closes above 180. (Updated On 19th August 2014, Tuesday).


  • As per previous report published on NMDC stock had formed double bottom formation in daily chart, after closing above its formation around 153.50 , stock made a high around 190. (Click here to see past report published in NMDC).
  • Now daily chart indicates stock is moving in a down channel formation in daily chart, so as long as stock trades in between its down formation it will be favored by bears, but once stock closes and stays above 180 then it will favored by bulls for next 1-2 trading days.
  • As per graph no 2 stock is facing strong 50 days moving average resistance around 180, as long as it holds below it will be favored by bears but once stock closes above bulls will get active and we can see some strength in NMDC.
  • If stock closes and stays above 180 then NMDC will find next strong resistance around 187, as shown above in graph no3.
  • Click here to see all the free trading reports (tips) published by us on NMDC.
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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