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CAIRN INDIA technical analysis, stock on the verge of bearish breakout @ 303.


CAIRN INDIA




  • CAIRN INDIA facing strong trend line support @ 303, Close watch weakness expecting once stock closes and stays below 303.
  • Chart also indicates stock coming down from 23.6% fibonacci retracement, this will favor bears to take price down further.
  • If stock falls from current levels and stays below 303 then will find support around 280 its 161.8% fibonacci retracement level.
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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

.