ALLAHABAD BANK Stock Tips - Stock facing strong support around 126 in hourly and daily chart. (Updated On 09th July 2014, Wednesday).

  • (Intraday Trading Idea) - ALLAHABAD BANK shown strong selling in hourly chart from 142 levels, Close watch stock is facing strong trend line support in hourly chart, which indicates if Allahabad Bank breaks 126 level with volumes and must stays below 126 then we can see further selling (intraday) in stock.
  • (1-2 Days trading idea) - Daily chart indicates stock is currently facing strong 38.2% fibonacci retracement support around 126, if stock closes below its support and stays below 126 then can see further selling for next 1-2 days. Will find next support around 50% fibonacci retracement around 120. Daily chart also indicates stock is facing 50 days moving average support at current levels, if stays below then will favor bears.
  • (Short term view) - Weekly chart indicates stock is currently trading below 23.6% fibonacci retracement indicating weakness and will find support around 120 - 38.2% fibonacci retracement.

MCX-COPPER Technical Chart- Commodity has formed bullish formation and now facing 200 days moving average resistance. (Updated On 14th July 2014, Monday).

  • MCX Copper gave as bullish move after trend line breakout, as per our previous analysis on 26th June (Click to see previous post
  • Now chart indicates copper is trading above 200 days moving average resistance, as long as Copper trades above it will favor bulls.
  • (Short term trend) - Weekly chart indicates that copper is moving in an up channel formation and now moving up, charts indicates that as long as copper stays inside this up channel formation will favor bulls, If stock breaks its up channel formation on downside and stays below then will favor bear and short term trend turns bearish.
  • (Long term trend) - Monthly chart indicates that stock moving up from strong trend line support and also from 50 months moving average support zone as long as copper stays above long term trend of copper will favor bulls.

MARUTI UDYOG Technical Analysis Chart - Stock facing strong resistance in daily and weekly chart. (Updated On 08th July 2014, Tuesday).

  • (Intraday trading idea) - MARUTI is moving in a strong range bound zone in hourly chart as shown above with a range of 2665-2608, Chart indicates once stock breaks its range and stays below or above it range bound zone then sharp movement is expecting in intraday.
  • (1-2 days trading idea) - Daily chart indicates stock is now facing strong 161.8% fibonacci retracement resistance once closes above its resistance and stays above then stock looking bullish and will favor bulls.
  • (Short term trading idea) - Weekly chart also indicates the same, that stock is facing 261.8% fibonacci retracement resistance, short term trend will again turn bullish once Maruti closes above and must stays above its resistance, till then short term trend of Maruti is not clear.

SHALIMAR PAINTS Technical Analysis Chart - Stock On the verge of bullish breakout above 102. (Updated On 08th July 2014, Tuesday).

  • (1-2 Days Trading Idea) - SHALIMAR PAINTS is trading above its strong trend line support zone and now heading for trend line resistance around 102, & 105, Close Watch charts indicates if closes above its resistance then stock looking bullish for next 1- 2 days trading. Close watch on resistance levels , intraday can see some action if stock sustains above its resistance with volumes.
  • (Short term trading idea) - Weekly chart indicates stock is facing strong 50% fibonacci retracement around 105, if closes above 105 in weekly chart then stock will find next 61.8% fibonacci retracement resistance around 114,
  • Weekly chart also indicates stock is now facing 200 weeks moving average resistance if stock sustains above then will favor bulls for short term. (as long as it holds above).


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