💥💥 Banknifty Intraday Scalping Strategy 💥💥

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Here's A Small 🧵

What Is Scalping?
Is it for everyone?

👉Scalping is a trading strategy in which traders profit off small price changes for a stock or index.

👉Scalping Relies solely on price action or Technical analysis.

👉 Only Intraday immediate data is of concern.

👉 Scalping requires a trading personality which incorporates the ability to be highly disciplined,

Ability to take quick decisions without hesitation and not questioning their decisions once they have been made.

👉So first determine whether this style is suitable for you.

Tool 1: Intraday VWAP

Rule:
We will look for buy trades
When price is above VWAP

And look for only sell trades
When price is below VWAP

If you follow this rule,
Your 50-60% wrong trades will go away out of the window.

Tool 2: RSI

RSI shows patterns in momentum which may or may not be seen in price.

In this method
overbought,
oversold or divergence on RSI
Not needed.

Rule 2

RSI (11) should show the same congestion pattern shown by the price