Advertisement

PIDILITE INDS Stock Analysis - Stock testing its strong trend line resistance around 336 and 340. (Updated On 14th July 2014, Monday).





  • PIDILITE INDS moving up from strong trend line support zone from 290 levels, Stock is now facing strong trend line resistance around 336 and 340 in daily chart, Which indicates once stock closes above its resistance and stays above then stock to favor bulls.
  • Weekly chart indicates stock  moving up from 50 weeks moving average and made a bullish breakout as shown above, can see some further buying once stock closes above its previous top @ 340.
  • Weekly chart also indicates if stock moves up from current levels then will find trend line resistance and 161.8%  fibonacci retracement around 354. Close Watch.


Posted by
Labels: , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

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

.