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CHENNAI PETROLEUM facing strong resistance at current levels, will favor bulls once it closes and holds above.


CHENNAI PETROLEUM


  • Stock is moving in a range bound zone, chart indicates once stock comes out from its range then sharp movement is expecting.
  • Stock also finding 20 DMA resistance at current levels, once it holds and trades above then further strength can be see.
  • Chennai Petro also finding 23.6% fibonacci retracement resistance around 75. Bulls will be favored once it closes and holds above.
  • Visit this blog for free share tips on Indian stock market.
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ABAN OFFSHORE facing strong trend line resistance around 530.


ABAN OFFSHORE


  • Stock facing strong golden ratio resistance around 530, chart indicates we can see come action once stock closes and holds above 530.
  • Stock also finding golden ratio resistance at current levels, once closes closes and holds above then further strength can be see in Aban offshore.
  • Aban also finding 50 days moving average resistance , as long as trades below bears will be favored once it closes and holds above 50 DMA then further strength can be seen. Close Watch.
  • Visit this blog daily for best intraday tips on Indian stock market.
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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

.