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BPCL -Stock recommendations


BPCL




  • Stock currently coming down from strong trend line resistance zone, chart indicates as long as BPCL holds below 785 bears will be favored, and we can see some further price rise if BPCL closes and holds above 785.
  • Stock major trend indicator "MACD" and "Stochastic Oscillator" is moving in -ve zone this will favor bears and stock also made a bearish breakout as it has closed below 50 DMA, this indicates stock to favor bears.
  • As per montly chart, stock is coming down from 261.8% fibonacci retracement this will favor bears as shown in chart no3.
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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

.