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UNION BANK OF INDIA has formed double bottom formation.


UNION BANK OF INDIA


  • Stock is moving up from strong trend line support zone @ 204, will favor bulls as long as holds above.
  • Technicals also indicates that stock has double bottom formation in daily chart, this indicates sharp movement expecting once Union Bank comes out from its formation.
  • On upper side stock will find trend line resistance around 232 & 234 (Its recent tops). Further price rise can be seen once stock closes and holds above its trend line resistance zone.
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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

.