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MCX ALUMINIUM has formed head and shoulder pattern.


MCX ALUMINIUM




  • Aluminium has formed head and shoulder pattern, fresh bull rally expecting once it closes and holds above 129.
  • As per weekly chart Aluminium is finding resistance around 129. Closes and holds above 129 will favor short-long term traders.
  • Once closes and holds above 129 then aluminum will find next resistance around 135 as shown in technical chart no3. Close Watch.

Power Grid moving in up channel pattern.


POWER GRID




  • Stock moving in up channel pattern, bulls will be favored.
  • Stock moving up from 23.6% fibonacci retracement.
  • Fresh bull rally can be seen once Power Grid closes and holds above 151. Close Watch.



GIPCL trading near support, further price rise can be seen above 94.


GIPCL




  • Stock trading near strong trend line support zone, bulls will be favored as long as holds above.
  • Stock also moving up from 200 DMA, long-short term traders will be favored.
  • Further price rise can be seen once stock closes and holds above 94.

ADANI PORT moving up from strong support zone, Further price rise can be seen above 307.


ADANI PORT




  • Stock trading above long trend line support zone, short-long term traders will be favored.
  • Adani port moving up from 23.6% fibonacci retracement intraday bulls will be favored as long as holds above 292.
  • Futher price rise can be seen once stock closes and holds above 307.

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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

.