TATA ELXSI Share Tips - Stock to extend its gains after major Triangle Formation breakout. (Updated On 30th June 2014, Monday).

  • As per previous report given on 26th June 2014 (Visit link - Tips On Share TATA ELXSI) stock gave a sharp move after breaking its triangle formation, Technically stock will favor bulls and on upper side will face trend line resistance around 670.
  • (Short term trend) - Weekly chart indicates that stock is moving up from 38.2 % fibonacci retracement and 20 weeks moving average, as long as holds above stock will favor bulls for short term trades
  • (Long term trend) - Monthly chart indicates that stock is coming down from 261.8% fibonacci retracement and now correcting. Once Tatat elxsi closes above 261.8% fibonacci retracement then stock will favor long term bulls till then no clear direction for long term traders of TATA ELXSI.
  • Previous report you might find it intresting reading - Tips On Share Alstom T&D (I).


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