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TATA SPONGE - Range getting narrow, sharp movement expecting once it comes out.


TATA SPONGE


  • Stock is facing strong trend line support around 582, as long as holds above bulls will be favored and further weakness can be seen once it closes and holds below 582.
  • On upper side TATA Sponge will find trend line resistance around 685, once stock closes and holds above 685 then further up trend can be seen.
  • As range getting narrow sharp movement can be seen in coming days.
  • Even stock finding strong 50 DMA resistance @ 685.
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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

.