Intraday analysis is for buying and selling the stock on the same day.
Intraday analysis is different from positional analysis. Stock charts are used for positional analysis. The technical analysis used for position trading is not suitable for intraday trading. For intraday trading, the sentimental analysis is required. The momentum stock for intraday trading is selected using top down approach. The major steps are 1) market direction, 2) Sector contribution, 3) Stock selection.
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