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AXIS BANK Share Market Trading Tips - Stock closed above major resistance, will move further if holds above previous top as per technical analysis point of view. (Updated On 21st July 2014, Monday).


AXIS BANK




  • As per previous post published on AXIS BANK, stock gave a sharp intraday move once it crossed 1990 and made a intraday high of 2009. (Click here to view past report on AXIS BANK).
  • AXIS BANK moving up from strong 23.6%  fibonacci retracement support zone as shown above, stock also moving up from 50 days moving average, which indicates as long as stock holds above its support zone will favor bulls.
  • Now in daily chart stock has closed above its previous top of 1990, which  indicates as long as stock holds above 1990 will favor bulls.
  • If stock move further then stock will find next strong resistance 161.8% fibonacci retracement around 2140 as shown above.
  • Suggested article to read from our collection - Japanese candlestick patterns.


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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

.