Intraday Trading- Stock Selection.

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----à EMA Screener

-Price Cross Above 200 EMA----à 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

- Is the share price getting consolidated (Resistance) before breakout, and then it got breakout?

- Is there any Strong Bullish Candle at the top of the Resistance/Breakout?

- Is the rise in the Volume?

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.