Intraday Trading- Stock Selection.
-
Large
Cap Stocks.
- High
Volatility.
- Top
performing stocks from different sectors (https://www.niftyindices.com/)
-
Check volume before purchase of
every Stock.
Strategy:
1. 200 Moving Average:
-Visit- www.topstockresearch.com
-Technical Screener----Ã EMA Screener
-Price Cross Above 200 EMA----Ã 15 Min
-Select Larger Cap Company (https://www.moneycontrol.com/stocks/marketinfo/marketcap/nse/computers-software.html)
-Open Charting website and select Moving
average exponential
-Set Inputs length- 200
-If candles are cutting line
upward-BUY. If candles are cutting line downward- SELL.
2. Breakout Stocks:
- Focus 15 min breakout stocks in Large Cap/
NIFTY50
-Search Breakout Stocks in Google. (https://chartink.com/screener/15-minute-stock-breakouts). This will show charts which have
breakouts in last 15 minutes.
-Select NIFTY50 and run scan.
Pick the stock and search in Charting website.
-Purchase stock when breakout (Upward) and Sell
stock when breakdown (Downward)
For Fake Breakout/ Breakdown ask below 3 Questions:
CBV
BUY IT
So, as per above questions
we understand (1) If the share price is getting consolidated (Resistance)
before breakout, (2) If there is a strong bullish candle at the top of the
resistance/ breakout OR (3) If there is rise in the volume than there are high
chances of shares going High/Up. Buy It.
SELL IT
Similarly, (1) If the
share price is getting consolidated (Resistance) before breakdown, (2) If there
is a strong bearish candle at the bottom of the resistance/ breakdown OR (3) If
there is rise in the volume than there are high chances of shares going
Low/Down. Sell It.
If the volume is
increasing, then more number of traders are Involve or showing interest in
buying or selling.
