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ALLAHABAD BANK Stock Tips - Stock facing strong support around 126 in hourly and daily chart. (Updated On 09th July 2014, Wednesday).





  • (Intraday Trading Idea) - ALLAHABAD BANK shown strong selling in hourly chart from 142 levels, Close watch stock is facing strong trend line support in hourly chart, which indicates if Allahabad Bank breaks 126 level with volumes and must stays below 126 then we can see further selling (intraday) in stock.
  • (1-2 Days trading idea) - Daily chart indicates stock is currently facing strong 38.2% fibonacci retracement support around 126, if stock closes below its support and stays below 126 then can see further selling for next 1-2 days. Will find next support around 50% fibonacci retracement around 120. Daily chart also indicates stock is facing 50 days moving average support at current levels, if stays below then will favor bears.
  • (Short term view) - Weekly chart indicates stock is currently trading below 23.6% fibonacci retracement indicating weakness and will find support around 120 - 38.2% fibonacci retracement.



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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

.