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.

Though you may have lot of indicators on selecting stock for intraday.

Just add below for selection

1- stock is moving n sectors also moving. Buy stock which is leading sector

2- stock which you are buying intraday also breaking 2/50 days high give preference first.

3- whole market is down and if stock making life high must buy first

4- Try To have watch list of high beta stock which usually after signal have capacity to move 2% or more.

5- Stock which is outperforming index i.e when index fall it going up or when index up it move faster.

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.

#Tool
Inside Day + Inside Week + Inside Month Candle pattern filter in Chartink. These stocks have high chances of breaking out / down.
Use at your own risk. Not specifically tested. Logic is based on common

This is in response to the question by @unseenvalue

If I had to buy 1 stock today, anywhere in the world, no avg. up or down, 5 year holding period (I will make that as 10 year for thesis to play out)

Since I track mainly Indian equities, restricting the choice to this space

Few points to look for
1. Strong macro tailwind rather than headwind, huge growth runway for company/segment. It can't be in a niche space & demand must not be easily substitutable
2. Strong Biz Model, high growth curve (15%+ over the period), strong ROE profile (hurdle rate 20%)

3. Low or no leverage, efficient capital allocation, (read minimal or zero fresh dilution requirements), strong cash flows and correspondingly high dividend payout ratios (consistent dividend history) and finally strong moat and with limited regulatory involvement / no reg issues

4. Promoter quality and intention must be beyond reproach, proven management with skin in the game
5. Capability to manage disruption, and if possible to even profit from it. If you can't be disrupted easily, you will eventually adapt your game to gain scale

6. There must be a possibility of non-linear growth if the scale-up hypothesis gets proven right. It's like an FD with low fixed return plus significant upside optionality. Multiple revenue streams / margin levers / IP that can provide non linearity in growth

#TradingTool
A free market breadth tool that I have left open to public.
1) % stocks above 20 day / 50 day / 200 day MA for Nifty 50 and 500 index and all Cash stocks.
2) % stocks above 20 period / 50/200 period MA intraday for N50 and

Making a watchlist of stocks,
- Open ~= Low
- Trading above 100/ 200ema
- Better relative strength
- Near important Fibonacci retracement levels
- Trading above weekly SuperTrend

@ChartinkConnect will help you make this

PGEL
AIAENG
NBVENTURES
SUMICHEM
ROLEXRINGS
CREDITACC
BDL

These are some names that popped up in the scanner.

Let me know which stocks you are tracking.
Did anyone take a fresh entry?

#Nifty