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BIOCON stock trading tips, Stock bullish breakout @ 515.


BIOCON




  • BIOCON facing strong fibonacci retracement resistance @ 515, will favor bulls once closes and stays above 515.
  • Stock trading above and moving up from 200 DMA and strong trend line support zone, will favor short-long term bulls as long as holds above.
  • Biocon has also formed head and shoulder pattern in daily chart , this indicates once closes and stays above 515 then we can see some bullish action. Upper side trend line resistance around 523 and 553, even stock major trend indicator "MACD" is moing +ve, this 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

.