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GODREJ INDUSTRIES facing strong resistance around 294, will favor bulls once it closes above.


GODREJ INDUSTRIES 


  • Stock facing 50 days moving average resistance, chart indicates once stock closes and holds above 50 DMA bulls will be favored.
  • Stock also finding strong trend line resistance around 294, once it closes and holds above 294 then further up trend can be seen.
  • Stock also finding golden ratio resistance, closing above 61.8% fibonacci retracement (golden ratio) indicates bullish trend.
  • Even stock major trend indicator "MACD" is now moving in positive zone this indicates further price rise can be seen.
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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

.