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UFLEX stock analysis, stock looks bullish once closes above its previous top @ 171.


UFLEX




  • Stock moving up from strong trend line support and will now find resistance @ 171. Stock will favor bulls once it closes and holds above 171.
  • Stock also moving up from 50 DMA..... from last 4 times stock bounced back from 50 DMA so this moving average playing an imp. role in Uflex, close watch.
  • If bulls get active in uflex above 171 and if it holds above 171 then will find next resistance around 187 its 161.8% fibonacci retracement. Even stock major trend indicator MACD is moving in +ve zone... this indicates further price rise can be seen.
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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

.