Little tips on Intraday Trading
- Thread starter abdur
- Start date
Thanks for the formula,
I used it for my intraday trading, I have applied it on RNRL, HDIL & GMRINFRA seems to be working for me.
After reading throughly this particular thread, atleast I know what trading range can be expected fro the next day. With the 5 possible points i place the order to buy/Sell and vice verse. I have tried this only limited volume say 200-300 expecting a P/L around 200-300.
I thank Mr.Abdur & Mr.Asnavale & all others senior members for the valuable knowledge on this. Thanks once again to both of you.
Preciously I always watch the Price movements closely and tried to trade, that time I always met Losses instead of profits bcos Iam also new to trading and I started to trade from MAY-08 itself. Since I don't know to how to read or plot a chart. So for the time being with this formula Iam able to trade with atleast resistance or support levels.
There is still a long way to go, and iam happy to rise the questions now.
1. With the above formula, I can make out the trading range of a particular day, Is that can be applied for a Month, 3 months period? If yes, please answer.
2. Want to learn how to plot a chart of a particular stock, input needed please help.
That,s it for the time being.
I thank once again Mr.Abdur & Mr.Asnavale & all others senior members of the thread for their valuable comments and feedback. Hope to receive your replies soon.
Regards,
BALMAL
I used it for my intraday trading, I have applied it on RNRL, HDIL & GMRINFRA seems to be working for me.
After reading throughly this particular thread, atleast I know what trading range can be expected fro the next day. With the 5 possible points i place the order to buy/Sell and vice verse. I have tried this only limited volume say 200-300 expecting a P/L around 200-300.
I thank Mr.Abdur & Mr.Asnavale & all others senior members for the valuable knowledge on this. Thanks once again to both of you.
Preciously I always watch the Price movements closely and tried to trade, that time I always met Losses instead of profits bcos Iam also new to trading and I started to trade from MAY-08 itself. Since I don't know to how to read or plot a chart. So for the time being with this formula Iam able to trade with atleast resistance or support levels.
There is still a long way to go, and iam happy to rise the questions now.
1. With the above formula, I can make out the trading range of a particular day, Is that can be applied for a Month, 3 months period? If yes, please answer.
2. Want to learn how to plot a chart of a particular stock, input needed please help.
That,s it for the time being.
I thank once again Mr.Abdur & Mr.Asnavale & all others senior members of the thread for their valuable comments and feedback. Hope to receive your replies soon.
Regards,
BALMAL
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