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VOLTAS Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock has closed above its major resistace, previous resistance will now act as major support, Stock will favor bulls as long as holds above 233. (Updated On 21st August 2014, Thursday).


VOLTAS LTD




  • As per graph no1, Voltas has closed above its previous major resistance @ 233, and so far trading above its resistance, chart indicates as long as stock holds above its major resistance @ 233 , it will be favored by bulls and stock can show some strength in coming days. Previous resistance of 233 will now act as a major support for Voltas. Close Watch.
  • As per graph no 2, stock has formed head and shoulder pattern and it has also closed above it, this will favor bulls to take stock further up, Even stock major indicator "RSI" is moving below 70 levels , this indicates it is not in a overbought zone and will favor bulls.
  • Stock (If Voltas) moves up from current levels then will find next strong resistance around 263, as shown in graph no 3. Technical also indicates that along with a price move volumes too have increased this will favor bulls. Close Watch.
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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

.