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RELIANCE CAPITAL trading tips - stock has formed head and shoulder formation, weakness expecting if breaks it support @ 460.


RELIANCE CAPITAL


  • Stock has formed head and shoulder formation in daily chart, this indicates sharp movement expecting once stock comes out from its pattern.
  • Stock major trend indicator is moving in -ve zone, this indicates further weakness can be seen.
  • On down side stock will find strong trend line support around 460, once it closes and holds below 460 then further weakness 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

.