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JINDAL STEEL & POWER Intraday trading strategies


JINDAL STEEL & POWER




  • Stock has formed triangle formation in daily chart, sharp movement expecting once stock comes out from its formation.
  • As per technical cart no2, stock is coming down from 23.6% fibonacci retracement resistance this indicates further weakness can be seen.
  • If stock falls from current levels then stock will find strong support around 134 and 128.

CESC LTD Share trading tips


CESC LTD




  • Stock made a bearish breakout this indicates further weakness can be seen as long as stock trades below its trend line as shown in chart no1.
  • Technical also indicates stock is currently trading coming down from 23.6% fibonacci retracement, this will favor bears.
  • If stock falls further then CESC will find next strong trend line support around 603, 585 and 573.

CENTURY TEXTILES Stock market tips


CENTURY TEXTILES




  • Century Textiles coming down from strong trend line resistance zone, this indicates stock to favor bears as long as stock holds below.
  • On down side stock is finding strong trend line support around 510 and 492, this indicates further price fall can be seen once stock closes and holds below its support zone.
  • As per weekly chart stock has formed bearish candle formation this will favor bears for further weakness. Close Watch.

BANK OF BARODA Stock recommendations


BANK OF BARODA




  • Stock currently facing strong fibonacci retracement support around 1043 as shown in chart no1, technical indicates once stock closes and holds below 1043 then further weakness can be seen.
  • Stock also facing strong trend line support around 1043, weakness expecting once it breaks.
  • Even stock major trend indicator "MACD" and "Stochastic Oscillator" is moving in -ve zone this will favor bears and also facing 20 DMA support as shown in technical chart no3. Close Watch.

APOLLO TYRES Trading tips


APOLLO TYRES




  • Apollo tyres moving in up channel formation, this indicates as long as holds above bulls will be favored, so far stock trading near support zone.
  • As per technical chart no 2 , stock is facing 50 DMA support, this indicates as long as holds above bulls will be favored, can see some price fall once stock starts trading below 50 DMA.
  • Even stock major trend indicator "MACD" and "Stochastic Oscillator" is moving in -ve zone this indicates further price fall can be seen in coming days. On down side stock will find support around 215.

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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

.