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IGL Share Tips, Technical Analysis Chart, Stock trading Graph - Stock moving in a up channel formation, Buying expecting once stock closes above 394. (Updated On - 05th August 2014, Tuesday).


IGL (INDRAPRASTHA GAS)




  • IGL is currently moving in a up channel formation, this indicates as long as stock moves in this formation this will favor bulls, Daily chart also indicates stock is currently facing trend line resistance around 394, once it closes above 394 and stays above then stock to favor bulls.
  • Daily chart is also moving up from 20 days moving average, by looking at chart no 2 , technical indicates stock always took 20 DMA support and moved up. This time also stock is moving up from 20 DMA, as long as it holds above stock to favor bulls, But if stock closes below 20 DMA then bears will get active in IGL.
  • Chart indicates if stock closes above 394 and moves up then IGL will find next strong resistance around 425 its 161.8% fibonacci retracement. Close Watch.
  • Click here to see all the trading reports (tips) published by us on IGL (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

.