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STATE BANK OF INDIA moving up from 50 DMA, will now be facing golden ratio resistance.


STATE BANK OF INDIA


  • Stock moving up from 50 DMA, as long as stock holds above bulls will be favored.
  • On upper side SBI is now finding golden ratio resistance around 313, further price rise can be seen once stock closes and holds above 313.
  • As per momentum index, once it starts trading above level 100 then we can see some movement in SBI. Close Watch.
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ESCORTS LTD facing strong resistance around 129.


ESCORTS LTD


  • Stock facing strong 23.6% fibonacci retracement resistance around 129, this indicates bulls will be favored once Escorts closes and holds above 129.
  • Escorts also finding 20 DMA resistance, one it starts trading above 20 DMA bulls will be favored.
  • Even stock major trend indicator "MACD" is moving in positive zone and trading above level zero this indicates further price rise can be seen. Close Watch.
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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

.