What is the process of identifying momentum stock in intraday?

This topic has 226 replies, 221 voices, and was last updated 2 years, 6 months ago by Divya E R.

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September 2, 2015 at 5:42 PM #7374

Naveen
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Rank: Level 6

first step is to identify the market direction = asia market,FII,nifty

then identify the market positive and negative

sector wise contribution and choose a particular sector of the trend

according to the trend choose the stock on index wise analysis

stock selection which has a greater volume

now choose according to the trend and keep a target and stoploss which the stock should be clear within a day no matter what it should sell it on that day itself because it is for a intraday analysis

September 4, 2015 at 11:43 AM #7854

KRISHNA KUMAR MS
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Rank: Level 4

Check the following.

1) World market, Asian market trend.

2) FII activities in the recent past (two to three days).

3) Indian market (Nifty) trend – positive or negative

4) Market Breadth (Advance decline ratio) based on price.

5) Market Breadth (Advance decline ratio) based on turnover.

by checking the above, check whether the overall market sentiment is positive or negative.

Now, choose a particular sector which aligns in the best way with the overall trend.

In this sector, chose a stock which has good Turn over and aligns in the best way with the trend.

Now choose to be long or short in this stock, according to the trend (in line with the trend) and keep a target and stoploss which the stock should be able to achieve within the day.

September 6, 2015 at 7:41 AM #8281

goodwinbritto
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Rank: Level 2

momentum stock can be identified in intraday through following steps
i)direction of market need to be focused to know whether the market status is in advance/decline
ii)sector selection to be done by analyzing the growth level of various sectors and the index of companies which contributes in market trend
iii)choose stocks based on the price movement and turnover
iv) decide the position(long/short)
v) wait untill stoploss point when you find downward price movement

September 6, 2015 at 10:24 AM #8319

davidrajan
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Rank: Level 3

momentum stock can be identified in intraday through following steps i)direction of market need to be focused to know whether the market status is in advance/decline ii)sector selection to be done by analyzing the growth level of various sectors and the index of companies which contributes in market trend iii)choose stocks based on the price movement and turnover iv) decide the position(long/short) v) wait untill stoploss point when you find downward price movement

September 6, 2015 at 10:27 AM #8321

sreevalli
Participant

Rank: Level 4

Check the following.
1) World market, Asian market trend.
2) FII activities in the recent past (two to three days).
3) Indian market (Nifty) trend – positive or negative
4) Market Breadth (Advance decline ratio) based on price.
5) Market Breadth (Advance decline ratio) based on turnover.
by checking the above, check whether the overall market sentiment is positive or negative.
Now, choose a particular sector which aligns in the best way with the overall trend.
In this sector, chose a stock which has good Turn over and aligns in the best way with the trend.

Now choose to be long or short in this stock, according to the trend (in line with the trend) and keep a target and stoploss which the stock should be able to achieve within the day.
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