Very short term or Btst trader can follow 10.2 in 15 mins as a trial stop loss. Any reversal trade can be taken only if nifty close blow 10.2 in 15 mins for intraday.

Top 4 set up I love to follow.

Buy all time high
Sell all time low

Buy 52 week high
Sell 52 week low

Buy 50 days high
Sell 50 days low

Buy above ST 10.2 (MR trade where DC 50 low & high is 10 ATR or more)
Sell below ST 10.2( MR trade for long unwind or shock therapy apply)

A small note for the new Trader, this might help you.
Please have a look in your free time.

Shorting few stocks which is breaking yesterday low and below Super trend 10.2 and also few stock with DC 50 low broken.

Made a combo using @mystockedge

Strong stock
Long position on fri
High delivery on fri
High cash volume on fri

How you can filter stocks for Intraday trades - 🧵

As a kid, we would do homework before school the next day - you have to do homework here too. A specific sector performs on a particular day and studying things a day before will help you spot that particular sector. (1/11)

To prepare for the next trading day, you got to check the Index charts of all sectors. You got to keep an eye on a specific Index if you see a few factors:

- If any Index closed exactly at the resistance, you can get a trade on either side on the next day. (2/11)

- If it gave a rejection candle at resistance.

- If any Index closed exactly at support, you can get a trade on either side the following day.

- If there was a bullish signal at the support.

- If any Index gave a breakout or breakdown and then gave a good closing. (3/11)

- If any Index has taken support at 50 or 200 EMA.

Once you spot the Index, look at all the stocks in that particular Index. Pick at least 3-4 stocks from that Index and add them to your watchlist for the next day. It's ideal to check both higher and lower timeframes. (4/11)

What you should do next day? (When I am unable to check Indices and stocks a day before, I sometimes directly start with this process.)

- Start with checking the top gainers/losers list. I observe market from 9:15 to 9:45am to check the sectors performing well on that day.(5/11)

Going To Post One Example For Breakout Trade Which I Said to Share Few Days Back

I Am Not Saying You Will Find Setup Like This daily But Whenever You Will Find It Will Definitely Give You Best Reward

So If You Find This Useful Kindly Share And Retweet For Learning 🙏🙏🙏

Setup Used :

🔶Exponential Moving Average( 21 )
🔶Standard Pivot Points
🔶Volume Chart
🔶Manual S&R and OR

One Can Easily Find Trade Based On This Setup And Can Easily Earn Good Money In Cash Trading

Lets Learn How To Use It IN Live Market

1.) IBUL Opened Gap up ( Above PDH )
2.) Marked OR H&L And Saw That OR High
& R2 is Nearby Hence We Will buy Above OR High
3.) Once OR High Broken Entry HAs Been Triggered With SL As Given In Chart
4.) Once OR High Crossed Movement Was Too Fast And Stock Crossed R3.

continue...

5.) So IF You Want To Add More Quantity You Can Add And Scale Up Position So That We Can Maximize Our Profits
6.) Now Keep Trailing Your SL Once you Get 1:2 RR Book Your Position Or Keep Your SL At Cost
7.) If You Want To Ride Complete Trend Then Keep Trailing Your SL As 21 EMA

8.) Once 21 EMA is Broken Completely Exit From Position

As You Can See In Below Picture That Once 21 EMA is Broken Trend Completely Changed Hence Follow Rules Strictly Because We will Follow Trend

Don’t underestimate the power of circuit stocks;
and never underestimate the power of micro caps!
They give the cleanest textbook setups and respect fib levels.

Mind you, you’ve to time your entries and exits perfectly.