Advertisement

ESSAR OIL bullish breakout and RSI entered in overbought zone. Updated On 09th June 2014 (Monday).





  • ESSAR OIL has shown strong bull rally from Rs.50 and now price has gone doubled, trading around Rs.100. Chart indicates stock is now entered in overbought zone. Careful with all major resistance.

  • Weekly chart also indicates that bullish breakout in Essar oil as stock closed above major resistance, as long as stock stays above resistance looks bullish and past resistance will now act as major support.
  • On upper side weekly charts will face strong resistance around 105, 130, 132 & 148. Close Watch.



Next Stock Update - BANK NIFTY 
Time :- 07th June 2014 (Sat.), 10:30 pm
Posted by
Labels: , ,

Advertisement

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

.