Price, money Management. Like the term suggests, it is a kind of trading when the shares are bought and sold on the same day itself. Day first candle high and low difference will be first target for the trader to book profit. Nevertheless, with proper planning and discipline one can taste success in the long run.
Here are some simple, easy intraday techniques that can help traders to win the stock market and plan their profitable trade. Green Candle and Red candle. Then the final session of two half hours is taken up to clear all your doubts so that you can start actual trading with full confidence. This Break Out is Useful for Sell Short. First level support and resistance: (PP iivot point ) First resistance (R1) (2 x PP) Low First support (S1) (2 x PP) High Second level of support and resistance : Second resistance (R2) PP (High Low ) Second support (S2) PP (High Low). There are some Intraday techniques that you can learn in order to improve your performance in the field of Intraday Trading. Although the RSI is an effective tool, it is always better to combine the RSI with other technical indicators to validate trading decisions.