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AMBUJA CEMENTS chart update, On the verge of breakout above 228.50.


AMBUJA CEMENTS




  • Stock facing strong 61.8% fibonacci retracement resistance (golden ratio) around 228.50, stock will favor bulls once it closes and holds above 228.50.
  • Stock also moving up from 200 DMA , as long as holds above short-long term traders will be favored.
  • If stock holds above 228.50, then will find next strong trend line resistance around 244 as shown above in image no3.
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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

.