In this section, you can find details about what is intraday analysis and how to pick a stock for doing intraday analysis. We may need to take top down approach for picking a stock for intraday trading.
- Check global market direction
- Indian market global and decline ratios
- Identify sector inline with market direction
- Select stock with high volume and highly intact with market direction.
- Identify the entry point, target and stop loss
- Then enter for intraday trading.
Could you pls provide some insight on entry for short position?
For example,
stock’s recent low is 60
All-time low of the current day is 50
Current market price of the stock is 65
Do we need to enter when the price goes below 60 or 50? Recent low is considered for short or all time low of current day should be taken for entry?
Hi,
We can’t take a short position based on single criteria because intraday trading is day’s sentiment, it invovled all the factors like index behaviour, sectoral behaviour so on.