We always search here and there to get the best stocks for intraday.
Why to be dependent on someone else when we can find out intraday stocks easily?
A thread π§΅:
β₯ Like πRetweet for max reach.
#StockMarketindia #trading #StockMarket
Why to be dependent on someone else when we can find out intraday stocks easily?
A thread π§΅:
β₯ Like πRetweet for max reach.
#StockMarketindia #trading #StockMarket
To be ready for tomorrowβs opportunities, do your homework today.
-It is very important to do after market analysis.
-At initial stage it can take a hour or two and can be boring as well, but this homework will pay you tomorrow.
-It is very important to do after market analysis.
-At initial stage it can take a hour or two and can be boring as well, but this homework will pay you tomorrow.
-Do sector analysis β Check the chart of all sectors.
Make a list of such sectors which are at good support or resistance levels.
- Possibilities of getting a good trade are high in such sector stocks.
Make a list of such sectors which are at good support or resistance levels.
- Possibilities of getting a good trade are high in such sector stocks.
-Check chart of top stocks from selected sectors which are at support/resistance levels.
Now, we have the list of stocks where chances of correction/breakout are high.
Now, we have the list of stocks where chances of correction/breakout are high.
Now in live market:
- Keep an eye on those selected stocks β whether they are showing rejection at resistance level or trying to give breakout.
- Keep an eye on those selected stocks β whether they are showing rejection at resistance level or trying to give breakout.
- In case of rejection candle at resistance β We can take sell trade or cover our buy side position.
-Place stoploss above the resistance level if you take sell positions.
-In case if stock breaks resistance level β we can take buy trade, now the resistance will act as support.
-Place stoploss above the resistance level if you take sell positions.
-In case if stock breaks resistance level β we can take buy trade, now the resistance will act as support.
- In case if stock is giving bullish signal at support β we can plan for buy or cover our sell positions.
-Place stoploss below support level in case you open buy position.
-If stock breaks the support level then plan for sell trade. Now, support will now turn into resistance.
-Place stoploss below support level in case you open buy position.
-If stock breaks the support level then plan for sell trade. Now, support will now turn into resistance.
Example-
#Banknifty was at resistance (04-Jan-2023)
At same time Hdfc Bank & ICICI Bank were struggling at resistance.
When banknifty took rejection from resistance level, Hdfc Bank and ICICI bank also fallen very well.
#Banknifty was at resistance (04-Jan-2023)
At same time Hdfc Bank & ICICI Bank were struggling at resistance.
When banknifty took rejection from resistance level, Hdfc Bank and ICICI bank also fallen very well.
Another way.
- If any sector Index is taking support near 50 DMA or 200 DMA then you can filter out top stocks from that sector, here you can get many trade opportunities.
- If any sector Index is taking support near 50 DMA or 200 DMA then you can filter out top stocks from that sector, here you can get many trade opportunities.
Another way.
-If you miss to do your homework, check Nifty top Gainers/Losers for the day.
-Do observe the market for first 30 minutes & cross confirm it with the chart of that sector.
-If you miss to do your homework, check Nifty top Gainers/Losers for the day.
-Do observe the market for first 30 minutes & cross confirm it with the chart of that sector.
For example-
- If Infosys is in top gainers of the day,
Make sure that IT sector chart is not at resistance level before entering into any trade.
-when we take sectoral confirmation, our winning chances turns high.
- If Infosys is in top gainers of the day,
Make sure that IT sector chart is not at resistance level before entering into any trade.
-when we take sectoral confirmation, our winning chances turns high.
Points to keep in mind β
- If you miss to trade in your filtered stocks or if they are not looking good in live market then remove them from watchlist (Donβt keep watching them as it is human psychology that can push you to enter into trade) and find out some other stock.
- If you miss to trade in your filtered stocks or if they are not looking good in live market then remove them from watchlist (Donβt keep watching them as it is human psychology that can push you to enter into trade) and find out some other stock.
- If 1-2 trades which you filtered give good gains, try to close your setup for that day.
- If 1-2 trades which you filtered give you loss, strictly close your setup for the day.
- If 1-2 trades which you filtered give you loss, strictly close your setup for the day.
Do practice in live market and do backtest before taking trades.
If you found this thread useful, please RT the first tweet.π
If you found this thread useful, please RT the first tweet.π
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