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MULTI COMMODITY EXCHANGE (MCX) Technical analysis


MULTI COMMODITY EXCHANGE




  • Stock coming down from strong trend line resistance zone @ 923, Chart indicates as long as stock trades below bears will be favored.
  • Monthy chart also indicates stock facing 50% fibonacci retracement resistance around 923, once closes above then we can see some further price rise.
  • If MCX falls further from current levels then MCX will find strong support around 853, 833 and 810.
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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

.