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<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px; line-height: 20px;”>momentum stock can be identified by using relative strengthen index and bollinger bands in intraday</span>
Identifying a momentum stock is intraday can be based on following steps
1) Market Direction – 2) Indian market price 3) Index wise analysis- 4) Sector contribution-
5) Stock Selection – best 2/3 stocks performing in % terms .
6) Stock out performance –By following the top down approach method
1. Global market movement
2.FII activity of previous day
3. Indian Market moment
4. Market breadth analysis – Both price and turnover
5. Selection of sectorial index
6. Selection of company based on % change and turnover for the day
Top down approach.
1. Global market movement.
2.FII activity of previous day.
3. Indian Market moment.
4. Market breadth analysis – Both price and turnover.
5. Selection of sectorial index.
6. Selection of company based on % change and turnover for the day
Observe 1. Market Trend – Positive or Negative
2. Market Direction – Positive or Negative
FII recent day activities
world market
Indian market
Market Breadth – Price wise and on Turnover basis
3. Index contribution – Select 3 best performing sectors if market is positive and
3 worst performing sectors if market is negative.
According to the trend, find the stock to be traded. Keep the target and stop loss.
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