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JINDAL STEEL has formed descending triangle formation.


JINDAL STEEL


  • Stock has formed descending triangle formation in daily chart, this indicates sharp movement expecting once stock comes out from its formation.
  • Stock also trading below 50 DMA, indicates as long as trades below bears will be favored.
  • Levels to watch out for -- Support @ 125 and resistance @ 156.50 and 173.
  • Also see :-  Reliance Industries Analysis.

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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

.