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AMTEK AUTO Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock stuck in a range bound zone and also moving up from support, will favor bulls once closes above 272.50. (Updated on 15th September 2014, Monday).


AMTEK AUTO





  • As per previous report published on AMTEK AUTO, stock failed to break its resistance @ 272.50 earlier, and we have witnessed selling from higher levels and stock made a low around 222 after that. (Click here to see previous report published on AMTEK AUTO).
  • As per current technical analysis chart no1, AMTEK AUTO has now stuck in a range bound zone, this indicates sharp move expecting once AMTEK AUTO comes out from its range, till then stock will remain zig zag.
  • As per stock analysis chart no2, AMTEK AUTO moving up from 23.6% fibonacci retracement support, as long as stock trades above it will favor bulls.
  • According to chart no3, stock is moving up from 50 days moving average, as long as stock trades above it will favor bulls, and on upper side Amtek Auto will find trend line resistance around 272.50, once stock closes and stays above 272.50 then further strength expecting for next few trading days.
    • Suggested Article - What is Nifty futures.
    • Intraday Tips - Close Watch once stock starts trading above 272.50 with volumes during trading hours , if holds above then intraday bulls action is expecting.
  • If closes above 272.50 and stays above then Amtek Auto will find next resistance around 310 its 161.8% fibonacci retracement as shown in chart no 3.
  • Click here to see all the free trading reports (tips) published by us on AMTEK AUTO.
  • Free trading tips on shares.
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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

.