Advertisement

INOX LEISURE Technical Analysis Chart - Stock on the verge of bullish breakout above 167.50. (Updated On 03rd July 2014, Thursday).






  • INOX LEISURE is moving in a up channel formation and also trading above 20 days moving average, which indicates stock to favor bulls. Daily chart also indicates stock is now facing resistance around 167.50 (as shown above in daily chart) , once stock starts trading above 167.50 with volumes and stays above then can see some intraday action.
  • (Short term trend) - Weekly chart indicates stock is bullish and will find 261.8% fibonacci retracement around 186.
  • (Long term trend) - Monthly chart indicates stock is now trading above its golden ration fibonacci retracement as long as stock trade above its golden ratio resistance stock will favor long term bulls.




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

.