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OBC Share Tips, Technical Analysis Chart, Stock trading Graph - Stock is facing strong resistance, buying expecting once stock closes above 296. (Updated On 06th August 2014, Wednesday).


ORIENTAL BANK OF COMMERCE




  • OBC (ORIENTAL BANK OF COMMERCE) is currently facing strong 50% fibonacci retracement and fibonacci arc support at current levels, chart indicates as long as stock holds above will favor bulls. And if stock breaks its support of 265 and closes below then will find next strong support around 245 its golden ratio 61.8% fibonacci retracement, as shown in chart no 1.
  • Daily chart also indicates stock is currently facing strong 100 days moving average support at current levels, as long as holds above will favor bulls. But if closes below 100 DMA and starts trading below then bears will get active in OBC.
  • Stock is currently facing strong 23.6% fibonacci retracement resistance around 296, Technical chart indicates if stock closes above 296 and stays above then will find next strong resistance around 308. Above that will find next resistance around 322 and 335 as shown in chart no 3. Close Watch.
  • Click here to see all the trading reports (tips) published by us on OBC (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

.