Forum Replies Created

Viewing 5 posts - 1 through 5 (of 74 total)
  • Author
    Posts
  • #6065
    Pradeep
    Participant
    Rank: Level 4

    Thanks for the feedback. I checked the Intraday chart just to get the confirmation whether the bottom formed was a lower bottom or not., however I should have avoided as we are now using only Dow theory and as you mentioned, we should wait for the confirmation of bullish trend and enter above Rs.70 + level after confirming the trend.

    I will try few more stocks and update so that I will get your valuable feedback to improve myself. Thanks again…

    #5838
    Pradeep
    Participant
    Rank: Level 4

    Intraday analysis is done using the Top Down Approach.

    The process of identifying the momentum stock in Intraday is as follows :-

    1. Identify the Market Direction i.e, whether the market is +ve or -ve.

    2. Check Market Breadth (Advance / Decline)

    3. Check sector contribution that is weighing for the market direction.

    4. Check the Index contribution for the current prevailing market direction.

    5. Ā Take top two sectors that is the major contributor for the prevailing market direction.

    6. Now Filter top 4 stocks from the filtered sectors.

    7. Again filter the stocks that is trading with the high volume.

    Now we have narrowed down with theĀ stocks that are hot to trade in the Intraday market, we are now ready to execute the trade and we need to make sure that the trade is executed along with the trend of the market.

    Buy and sell the stock in uptrend market condition and Sell and buy the stock in a downtrend market.

    #5837
    Pradeep
    Participant
    Rank: Level 4

    Intraday price movement is driven byĀ the market sentiment and the global market plays a major role to decide the market trend /movement of our market on a given day.

    Indian market that opensĀ at 9 am IST depends upon the prevailing market condition of its Asian peers like, Hongkong market, Singapore market etc., which would have opened taking the cue from the closing of US market. We can also see some change in the market trend in the Indian market after the open of European markets at 1.30 pm IST.

     

    #5836
    Pradeep
    Participant
    Rank: Level 4

    Intraday price movement is witnessed mainly due to market sentiment and analysis is done using the top down approach.

    Positional analysis is done consideringĀ several other factors to predict the price movementĀ of a stock, the analysis method followed here is the bottom up approach. The stock is selected and chart is plotted by taking variousĀ data and the price movement is predicted. These may or may not work for a particular day where the sentiment prevailing in the market might be differentĀ when compared with the stock that we have analyzed, so it is not advisable to use positional analysis for Intraday even-though sometimes it might be right as well.

    In Intraday the analysis is done to to predict the target price that has to be achieved in the same day, whereas inĀ positional analysis we expect the price movement to happen over a period of time i.e, a week or month.

    In Intraday we need to trade along with the trend of the prevailing market.

    #5835
    Pradeep
    Participant
    Rank: Level 4

    The IDEAL time for trading Intraday would be between 10 am to 11.30 am in the morning and between 1.30 pm to 2.45 pm in the afternoon.

Viewing 5 posts - 1 through 5 (of 74 total)

Ā©2024Ā | Rights Reserved | EQSIS | Terms and Conditions |Ā Privacy Policy

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

Forgot your details?