How to Buy Trending Stocks in Intraday

If you want to buy any trending stock then the best method can be, look for the sector.
Today #Auto Sector was up very nicely so i Selected Bajaj Auto and M&M for Intraday Trading.

Both charts after the break of Opening Range stated to trend. Once the tested the support level i entered the buy order.

checkout the charts for details.

Srtransfin was also trending so adding its chart for study.

Simple Price Action 3

I want share some basic price action in this post. When a breakout happen we must wait for the test of the resistance turned into support line.

In same way when a resistance fakeout happens means when price breaks out but can move further then the resistance level works.

we can short at resistance level and buy at below support level.

Checkout the chart for clear understanding.

Simple Price Action 2

Simple Price Action 2

Checkout the chart for simple price action.
When price breaks the resistance level we call it a breakout. But wait dont enter yet wait for the test of resistance level.

Once the price test resistance level then you can get in and set target as next resistance level.

The chart shows entry and exit points.

Simple Price Action

Here is a chart which shows simple price action. We can trade the support and resistance levels on chart very simply. This method shows when a resistance is broken it gets converted into support area. and based on that we can enter and exit at next resistance level.

This is simple way. Buy when test of support happen. Sale when test of resistance happens.

Bajaj Auto Daily Chart Analysis

Bajaj Auto Daily Chart Analysis

Checkout the chart for the levels. The chart looks bearish. Double top at 50dma level. Price reversed and moving down to next support level.

Below is a chart which i used for sharing my simple strategy of short selling. When i was posting these charts i was using chart patterns for the confirmation of the price movement. All decisions where made based on Price Action only. I used Support and resistance level to make decision of short selling. This pattern is repeated almost everyday.

I was thinking whether i am technically right or wrong and today i found the proof that what i was considering as pattern is not just a pattern but technically right pattern.

I used bajaj Auto chart for showing the strategy. Today when i was checking the daily chart of Bajaj Auto what i found is the BIG MOVE happened when bajaj auto made double top in daily chart. And move over the price revered from 50dma level.

Check the strategy i shared. On daily chart this is Big red candle below 50dma level.

Stock on Watchlist

Here are two stocks which broke there level. They may move in given direction on monday.

Watch closely on monday.   Next Levels marked on chart.

Best Strategy for Intraday Trading

Dear Friends,
I have already shared this strategy. Here i am sharing more charts for study.
Every day these setups happen. If we keep eye after 12.30pm on all indexes and search for stocks running close to support line. then we can easily find these stocks to trade.

Today Financial Services sector was down. I was doing my daily analysis of markets and i found these charts. So i thought i will post for you to study.

The pattern is exactly same. Important points in this strategy are as follows.

1. Price moves close to Support line which we marked close to the base of 1st 1 min candle.

2. Break of Support line and price move down. Price may make double or triple top after the break.

3. Test of Support. This also may be just 1 point or area where multiple times price will test the support line. Finally this support turns into resistance after 12.30pm

4. Enter short order with stoploss above resistance line.

5. Book profit at the end of session or at the next support level.

Study the charts.

Click on chart to see large image.

How to trade support and resistance area

Support and resistance trading is very best way get good profit. The entry and exit points are to be considers after the test of the breakout. if we enter after breakout then there are chances of false breakout and the price may reverse. If we enter in buy order after the test of resistance line then the resistance becomes support and price starts to move in upper direction.

while short selling we have to wait until test of the broken support line. The price will test the support line for some time. once the support is not broken to upper side then the support turns into resistance and price starts to fall. This is the time to enter with full size and make good profit.

The target should be next Support / Resistance Line.

Important Point to note.

We are going to wait until TEST of Support or Resistance for Entry.

Best Trading setup for Afternoon Day Trading

This setup which i am sharing is one of my best setup. When a stock come close to resistance level and not able to break that level then it moves very fast to the support level. Our plan is to enter after 12.30pm so than we are in the best position.

This stock moves fast to support so be ready to book profit. The exit point is generally the low of 1st 1min candle or support line below the open point.

This setup is for afternoon only when all the fast moves and momentum of the market is over. when most of the traders are frustrated with the direction of the market. we are banking on the their frustration that it is not able to breakout. Everyone waits for the breakout to enter, but the resistance is never broken and stock starts to move in red direction.

Njoy the setup. Do not hurry to enter. after 12.30pm check for the entry points i have marked on the charts. This is a best setup and after some live practice you can easily make some money.

How to find the best stocks for this setup ?

The best way to find

Method 1 

visit  www.nseindia.com
go to live market area
then to equity stock - which shows nifty 50 stocks.
then select the red stocks and open the charts in your trading terminal.
check for the pattern. mark resistance line and see exact pattern.

then enter and set target for profit.

Stoploss should be above resistance line

Method 2 

visit www.nseindia.com - Live Market - Index
In index see which sector is down by maximum points.
Select that sector and search for stock in red for the pattern.

Stoploss should be above resistance line


Try this strategy with small qty and once you have the confidence then scaleup.

Njoy.

Free fall of NBCC

This is just a review only.

#NBCC chart is given to understand right exit point. As the stock is gap down on results we look for shorting.  enter short as soon as it crosses below 1st candle level and wait for profit.

if market continue to move in pour direction keep close watch on exit point. it should be close to the S/R Level only.

Never exit in the air.

This should have been clear Mix of Technical and fundamental trade.  You have News of earnings and the chart is weak technically.

Njoy the freefall.

Njoy the chart.

Ujjivan Chart Review with Support and Resistance

I did not trade this stock but its very nice setup to understand. All my 5 Years of trading is giving some fruits now. I hope this year will change the way i trade and move above the breakeven level.

I have tried all methods on internet and failed to get consistant result. What people are sharing is theory only no one teaches to trade actually in live market. the market moves very fast and intraday trading is hardest one to try.

If you waste your time with the Indicators at the end of the year you will be in loss.
No indicator gives right results.

I was not able to make money with Indicators , Moving Averages , Vvap , Pivot Points , Bolinger bands , Super Trend etc

All are good for some trades and bad for a lot of trades so you end up in loss. 

This method which a devised is all about Support and Resistance Zones. I wait for price to break a S/R Level and enter accordingly.

Support and resistance zones play very important role during trading. so i use only S/R Level.

Check out the chart to understand how i enter and exit.

Its not some big bang theory but very effective.

One more important this is selection of stocks which one to trade. Currently earnings season is on so all stocks selected are for earnings result. we can see lot of volatility and enter exit with good profit.

Enjoy the chart.

Trading Suven with Support and Resistance

Second Stock from todays watchlist was Suven.

It gapped down and opened red. The 1st Candle Level Tested for some time and broke the levels.

As it was gapped down general view is bearish but it turned bullish.

So many times i get in this situation were i think about buy or not but from my past experience even if it is bearish still it turns into bullish and starts to rise.

its better to trade the chart technically than thinking about the fundamentals of the stock.

Fundamentally it was very badly bearish, but technically its bullish.

may be trapped traders or short covering dont know.

I was in fear but technically right.

Emotions can play a lot but if you are technically right then the price moves in your direction.

this is completely revered trade.

We can not buy and sit but get in and out at S/R Levels which are important. You never buy and sit get your profit and go. Its Intraday trading afterall.

Enjoy the chart.

check chart for the live action.

Trading Apollohosp on Earnings Results

Todays watch list was 

1. Apollohosp

2. Grasim

3. Suven

4. Ujjivan


Apollohosp Opened with gapup but could not continue and revered. It filled the gap halfway and consolidated for the afternoon.

After 1.00 pm it started rising to test the 1st candle level and successfully broke all levels.

Entry Point at Test of 1st Candle High.

Exit Point at S/R Level

Check the chart to understand the Trading view.

Click on chart for Big View.

Day Trading With Support and Resistance

Day Trading With Support and Resistance 

Todays Watch List was

1. Glenmark
2. Ashok Leyland
3. Grasim

I traded only in Glenmark. Check out the Chart for details of the trade.
I could not book full profit as always i exit little bit early than the target. But very nice trade made some profit.

Short Entry Point  = 678.5

Short Cover Point = 664.9

Click on Chart to see Big Image.

New Beginning for Life Time

Guru Brahma Gurur Vishnu Guru Devo Maheshwaraha 

Guru Saakshat Para Brahma Tasmai Sree Gurave Namaha

गुरु ब्रम्हा गुरु विष्णूगुरुः देवो महेश्वरा
गुरु शाक्षात परब्रम्हा
तस्मै श्री गुरुवे नमः

Guru is verily the representative of Brahma, Vishnu and Shiva. He creates, sustains knowledge and destroys the weeds of ignorance. I salute such a Guru.

गुरु बिन ज्ञान न उपजै, गुरु बिन मिलै न मोष।

गुरु बिन लखै न सत्य को, गुरु बिन मैटैं न दोष।।

स्टॉक मार्केट को अपना गुरु मानके मै अपना ट्रेडिंग  करियर  शुरु  करणे  जा  रहा  हुं. इस ब्लोग पे डाली जाणे वाली सभी इन्फॉरमेशन एडुकेशनल है. कृपया अपने फिनान्शिअल ऍडविझर से सलाह ले. 

I am starting my trading career considering stock market as my guru.

All information posted on this blog will be for education purpose only, so use it on your own risk.