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AXIS BANK Share Trading Tips - Stock moving up from strong support and now on the verge of bullish breakout as per technical analysis point of view. (Updated On 18th July 2014, Friday).


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.
  • Daily chart also indicates stock will find its strong trend line resistance (previous top) around 1990, once closes above its top and must holds above then stock will favor bulls for next 1-2 trading days.
    • Intraday closes watch once stock starts trading above 1990, if breaks with volumes and holds above then we can see some intraday action in AXIS BANK.
  • Daily chart also indicates if stock closes above 1990 and stock move further then stock will find next strong resistance 161.8% fibonacci retracement, as shown above. Close Watch.
  • Suggested article to read from our collection - Understanding 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

.