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MULTI COMMODITY EXCHANGE (MCX) Technical analysis


MULTI COMMODITY EXCHANGE




  • Stock coming down from strong trend line resistance zone @ 923, Chart indicates as long as stock trades below bears will be favored.
  • Monthy chart also indicates stock facing 50% fibonacci retracement resistance around 923, once closes above then we can see some further price rise.
  • If MCX falls further from current levels then MCX will find strong support around 853, 833 and 810.

TATA MOTORS DVR Intraday trading, Intraday tips


TATA MOTORS - DVR




  • Stock coming down from golden ratio fibonacci retracement resistance zone @ 360, as long as stock trades below bears will be favored, once stock closes and holds above 360 then further price rise can be seen.
  • As per monthly chart stock has formed bullish candle formation this will favor bulls.
  • If stock falls further from current levels then TATA Motors Dvr will find support around 344, 334, 326 & 318, levels as per fibonacci retracement as shown in chart no3.

LARSEN AND TOUBRO Stock market tips


LARSEN AND TOUBRO




  • Stock moving in range bound zone , this indicates sharp move expecting once stock comes out from its formation.
  • Stock also facing fibonacci fan 3rd line support zone, chart indicates weakness expecting once stock starts trading below its line support.
  • As per technical chart no3, stock will favor bull once it starts trading above trend line resistance zone.

BPCL -Stock recommendations


BPCL




  • Stock currently coming down from strong trend line resistance zone, chart indicates as long as BPCL holds below 785 bears will be favored, and we can see some further price rise if BPCL closes and holds above 785.
  • Stock major trend indicator "MACD" and "Stochastic Oscillator" is moving in -ve zone this will favor bears and stock also made a bearish breakout as it has closed below 50 DMA, this indicates stock to favor bears.
  • As per montly chart, stock is coming down from 261.8% fibonacci retracement this will favor bears as shown in chart no3.

TITAN COMPANY Indian stock market tips


TITAN COMPANY




  • Titan currently coming down from golden ratio resistance zone @ 400, this indicates once stock closes and holds above 400 then further up trend can be seen.
  • Daily chart also indicates stock made a gap up open this indicates bullish indication, as long as stock holds above 375 bulls will be favored as per gap technical studies.
  • According to monthly chart, stock is forming bullish candle formation, this indicates further price rise can be seen once stock closes and holds above 400. Close Watch.

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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

.