INTRADAY Stock Tips : How to Select Stock for Intraday इंट्रा डे के लिए शेयरों का चयन कैसे करें?
Tips to Choose the Right Intraday Trading Stocks:
- Trade Only in Liquid Stocks
- Stay Away from Volatile Stocks
- Trade in Good Correlation Stocks
- Follow the Market Trend before deciding the Right Stock
- Pick the Stock you are most confident in after Research
Trade Only in Liquid Stocks
Stay Away from Volatile Stocks:
Trade in Good Correlation Stocks:
Follow the Trend:
Pick after Research:
Is the stock liquid enough?
Is the Stock Widely Owned?
Does the Stock Sustain Narrow Tick Spreads?
Does it Show Clear and Decipherable Chart Patterns?
What is the Price Sensitivity to News Flows?
How to Pick Stocks for Intraday Trading? :
Shares Volume
One of the main criteria while intraday trading is the volume of the stocks. The total number of shares that are traded in a particular market at a given time reflect volume. It is mostly recommended to purchase stocks that are high in volume.
Stocks of the Day
Depending on good news, a few stocks are expected to perform well. Such stocks are anticipated to move in either direction with good volume. These shares can be used for intraday trading.
Week’s Movement
Study the movement of stocks that are constantly closing in negative or positive for the previous week. An analysis of this movement will help you in selecting the stocks for intraday trading.
Resistance Level
Some of the stocks to watch out for are those that have broken resistance levels and which move in an upward direction. Such stocks are one of the favourite choices.
Trading in Few Stocklists
A few intraday traders involve in trading only in particular shares. This is because these traders engage in a detailed study of share movement. This is one of the main intraday strategies that are followed by traders.
Top Gainers and Losers
While some shares come under top gainers, others come under top losers. Such shares may provide fairly good movements. However, keep a close watch on these them in order to begin trading.
Conclusion
Successful intraday traders have trained their eyes and senses so they can invariably pick the best shares for intraday. Choosing the right stocks is important to make a profit in intraday trading; hence, you must make technical analysis your ally. With time, you will discover the right way to select the best intraday stocks. Ensure that you make data-driven decisions and keep the emotional bias away.
0 Comments