Intraday Technical Analysis

Mini Course 🧵🧵 (Free)

How to Enter Long and Short Trade

Explained with 30+ Charts

Kindly Re-Tweet and Like for Max Reach 🙏

Index

1) Importance of Trend
2) Time Frame Importance
3) Bullish Day Signals
- Candles, VWAP, EMA, Patterns, Resistance BO
4) Bearish Signals

Imp - Explanation in Charts Only
Importance of Trend

"Trend is our Friend except at the end when it bends"

Trend Following importance explained in 4 charts -

Going against the trend stands very less chance of success as explained in this chart that cover 5 days of uptrend -
Time Frame importance -

1) 3 min - For Execution
( indicators provide early signals and less reliable)
2) 15 min - to look at trend of week, Support and Resistance of last 4-5 days
3) Daily - to check current trend and Short Term S-R (More reliability)

Charts -
Bullish Day Trading Signals

1) First Big Green Candle

First candle is always a good signal and trend setter for the day. Trading in direction of that candle have more success chances

E.g Reliance Big candle on 9 March, Entry with SL below first candle

Success Rate > 60%
2) VWAP Reaction -

For first 15 min best indicator is VWAP -

1) Chart Reaction with VWAP on a bullish day is explained in 4 charts here -
3) 10-20-50 EMA Reaction -

Only on steep up moves, charts get support by 10 ema and do not break that. like 8-10% pump

Bounce from 20 Ema support is a good entry point with SL below low of last 2-3 candles

EMA Confluence and Crossover Entry

Explained with 3 charts -
Candles - ( Useful on Bullish Day )

1) Breakout Candle
2) Dragon Fly Doji on consolidation - Enter in next candle once the price is above the high of Doji and keep SL below low of Doji
3) Bullish Engulfing

Explained in 3 charts
Pattern/Signals on Bullish Day -

1) Ascending Triangle Breakout - Most Common
2) Resistance Breakout
3) New High of Day
4) Bounce from last high of Same Day

Explained in Charts -
Some Important Points -

1) Never Trade against the Big Candles
2) Never trade against the trend
3) Never trade without SL
4) Don't move SL accept it
5) 1:2 Risk Reward is minimum to take trade
6) 50% Win Rate is excellent
7) Try to make profit according to capital Only
Signals to Enter Short Trade -

1) VWAP Signals

Look at this reliance chart -

- First Big Red Candel is always a good short signal
- Continuous rejection from VWAP is good to enter short
2) VWAP Rejection support broken
3) Bearish Engulfing - Big Red Candle
4) Go Short on First Candle
5) EMA Confluence and rejection
6) Below Support Entry
7) Below day's low enter short trade
Please follow my handle @myfirststock99 as I keep posting learning stuff regularly

Do Join telegram also link in profile

One can Join Premium referral group without any cost by opening demat account from our link in Pinned tweet

More from My First Stock

7 Screener Ideas for Intraday Buying

A Thread 🧵🧵

Tested - Executed in Real - Works

Kindly Re-Tweet for Max Reach 🙏🙏

1) Buy a Gainer when bounce from VWAP

Condition apply to chart ink -

- Stock days' gain > 1%
- Candle Low < VWAP and Close > VWAP
- Now check chart manually

You will get list of stocks that are gainers and consolidated to bounce from VWAP

https://t.co/W7HVmFvYpy


2) Near Day High

- Top gainers make 3-4 times new High in a day
- Best to enter when it break High of one wave
- Check charts manually after you get list

This screener gives you stocks that are near day High

Apply this with Time frame 3 or 15 min -

https://t.co/ocM7Whvtdi


3) Stocks at Resistance -

Conditions to apply -

- Stock day's gain > 1%
- High of Last 3-4 candles is equal

Apply like this -


4) Bullish Engulfing -

Very Good Signal for Intraday buying any time frame

Here is the screener -

Change Time frame according to

More from Trading strategies

Detailed Study of Stocks that became 5X in past 2 Years
A Mega Thread🧵

Concepts :
Relative Strength
Stage Analysis

Retweet and Comment If you want to attend a live session on the same !


We have Got around 86 Stocks that became 5X in 2 years
These Belonged to various sectors and Groups

Excel Link for List of Stocks
https://t.co/jESOUM32b5
1/n


All stocks had few things in common :

Stocks doubled Before entering into Stage 2 Uptrend
52 week RS was positive in stage 2
90% stocks even gave all time high breakout after Stage 2
60 Stocks had market cap less than 1000 Cr

Examples : OLECTRA , PGEL
2/n


So What is Relative Strength ?

Relative strength is a strategy used in momentum investing and in identifying value stocks.

It focuses on investing in stocks or other investments that have performed well relative to the market as a whole or to a relevant benchmark.
3/n

How to Apply ?
Type
“Relative Strength”
Choose any
By bharattrader
By traderlion
By Modhelius
I use by bharattrader
In setting use 52 period
Use Weekly Chart
4/n

You May Also Like