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ESSAR OIL Share Tips, Technical Analysis Chart, Stock trading Graph - Stock moving up from strong support, Further buying expecting once stock closes above 120. (Updated On 01st August 2014, Friday).





  • ESSAR OIL is moving up from 23.6% fibonacci retracement support zone , close watch indicates stock to favor bulls as stock moving up from strong support zone.
  • Daily chart also indicates stock is holding its 20 days moving average from 50 levels and even now stock took 20 DMA support and moving up as shown in above chart no.2. Chart indiciates stock will be facing strong trend line resistance around 120, once closes above 120 and stays above then bulls to get active in Essar Oil.
  • If stock closes and stays above 120 then essar oil will be next strong resistance around 130 its 161.8% fibonacci retracement.
  • Click here to see all the trading reports (tips) published by us on ESSAR OIL (as per technical analysis point of view).



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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

.