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TATA STEEL coming down from 23.6% fibonacci retracement.


TATA STEEL


  • Stock currently witnessing selling pressure from 23.6% fibonacci retracement, this indicates as long as stock holds below bears will be favored.
  • TATA STEEL also trading below 10 DMA this will favor day trader as long as it holds below 10 DMA.
  • On down side stock will find trend line support @ 387. Once stock closes and holds below 387 then further weakness can be seen. Close Watch.
  • Suggested Article - What is sensex and how it is calculated in bombay stock exchange.
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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

.