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HDIL has given false bullish breakout resistance, will now favor bulls once it closes and holds above 115.50.


HDIL


  • Earlier stock had closed above its major trend line resistance and hence gave a bullish breakout signal.
  • But HDIL has come down and indicates that it gave a false signals.
  • Stock will now favor bulls and further price rise can be seen once it closes and hold above 115.50.
  • Till then bulls needs to be careful at current levels, if stock falls then will find strong fibonacci retracement support around 102. Close Watch.
  • Visit our site: http://niftychart.co.in for free stock market charts with auto buy and sell signal indicator, useful for short term traders.
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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

.