Hi Sir, how do you filter / find the trending equity stocks and which time frame apply for these stocks selection.
Also pls suggest the best time slot for intraday trading using support nd Resistance level.
m2gud
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hi @honeyrr25, First of all I start with analyzing OPTION CHAIN of nifty, then select top gainer/looser stocks from NSE website, then look for price action like trendlines, chart patterns, candlestick pattern.Put them in my watch list and patiently wait for breakout/breakdown.
Best time is subjective: but for me If do intraday, i do it only 9:30 onwards till 11:30.
If you have any other question , do ask me, I'll be happy to help you. all the best. :)
honeyrr25
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@m2gud thank you so much for your valuable feedback. I will analyse the above logics for stock selection. Definitely i ll ask you if I come across any queries. Please keep sharing your views in trading view.. :)
I don't know .. why I feel Nifty might make us show 10000 once.. this P/E bubble is going to explode soon.. all major FnO stocks are now trading with negative divergence on hourly chart (at least) some have developed it on daily as well.. if in coming week specially Tuesday/Wednesday, Nifty doesn't create a high higher than Friday, we might see a head and shoulder formation in Nifty and BN.
This weekly expiry will be fun to trade with.
m2gud
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Hi @Dwivedi_VIbhav, Thanks for your comment. Well Nifty P/E ratio definitely indicating fall but when, that we don't know. For short term Nifty seems bullish to me. I think correction may happen after Vaccine launch. But we never know. Its always better to move according to technicals. Volume will be lesser due to new margin rule. Lets see what happens.
Also pls suggest the best time slot for intraday trading using support nd Resistance level.