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BIOCON Share trading tips, stock facing golden ratio support at current levels @ 470.


BIOCON




  • BIOCON facing golden ratio support at current levels @ 470, chart indicates once BIOCON closes and stays below then further weakness is expecting.
  • Chart also indicates stock currently finding trend line support and 200 DMA , as long as stock holds above bulls will be favored, but once it starts trading below then we can see some weakness.
  • Even stock major trend indicator "MACD" is moving in -ve this indicates further price fall can be seen in coming days. Moreover stock has formed head and shoulder pattern formation, but failed to make bullish breakout and now facing neckline support @ 470. If closes below neckline then weakness expecting in coming days.
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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

.