TIPS ON SHARE - ASIAN PAINTS , stock on the verge of breakout above 565. (Updated On 18th June 2014, Wednesday).

  • ASIAN PAINTS has formed head and shoulder formation in daily chart as shown above, indicates once stock comes out from its formation then sharp move expecting.
  • Daily charts also indicates stock also facing strong trend line resistance around 565. Once starts trading above 565 with volumes and sustains above then some intraday action expecting.
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  • Chart indicates that once stock closes above 565 and trades above then next short term fibonacci retracement resistance around 605. Close Watch.

TIPS ON SHARE - HCL TECHNOLOGY bullish above 1455. (Updated On 17th June, Tuesday).

  • HCL TECHNOLOGY is facing strong trend line resistance around 1455 , close watch once starts trading above 1455 with volumes and sustains above then looking bullish.
  • Stock also moving up from 23.6% fibonacci retracement support levels, stock to favor bulls as long as stays above.
  • Daily chart also indicates that stock in trying to trade above 100 days moving average, if able to trades above then up move expecting.


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