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SAIL Share market tips, Share trading


STEEL AUTHORITY OF INDIA (SAIL)




  • Stock has formed head and shoulder formation in daily chart, this indicates sharp movement expecting once stock comes out from its formation, On upper side will find next strong resistance around 91.
  • As per technical chart no2, Earlier stock was finding 50 DMA resistance but now it is holding above 50 DMA this will favor bulls as long as stock holds above.
  • As per weekly chart once stock closes and holds above its resistance @ 91 then SAIL will find next strong resistance around 95 levels as per weekly 61.8% fibonacci retracement (golden ratio).
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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

.