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MCX-COPPER Technical Chart- Commodity has formed bullish formation and now facing 200 days moving average resistance. (Updated On 14th July 2014, Monday).






  • MCX Copper gave as bullish move after trend line breakout, as per our previous analysis on 26th June (Click to see previous post) 
  • Now chart indicates copper is trading above 200 days moving average resistance, as long as Copper trades above it will favor bulls.
  • (Short term trend) - Weekly chart indicates that copper is moving in an up channel formation and now moving up, charts indicates that as long as copper stays inside this up channel formation will favor bulls, If stock breaks its up channel formation on downside and stays below then will favor bear and short term trend turns bearish.
  • (Long term trend) - Monthly chart indicates that stock moving up from strong trend line support and also from 50 months moving average support zone as long as copper stays above long term trend of copper will favor bulls.

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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

.