INTRADAY TRADING IN STOCKS

Now, you have the list of stocks with their entry price, stop loss, and target. Should you enter the trade directly, or is there another step that needs to be followed? The answer is Yes, there is another important step that must be followed to make a successful trade.

STEP 04: If the highlighted box is in the C1/C2 column, you need to take the bullish trade. As we have already learned, for a bullish trade, you must check the bullish risk, which should be 0, 1, or a maximum of 2. If the bullish risk is above 2, it will increase the risk. 

Similarly, if the highlighted box is in the P1/P2 column, you need to take the bearish trade. As we have already learned, for a bearish trade, you must check the bearish risk, which should also be 0, 1, or a maximum of 2. If the bearish risk is above 2, it will increase the risk.

STEP 05: Now, if everything is perfect, the last step is to check the chart of the stock. If the stock has already touched either the C1 or P1 level (check from 09:15), we will ignore both C1 and P1 trades. Then, we will look for the C2 and P2 levels. If the stock has already touched either the C2 or P2 level, we will again ignore both C2 and P2 trades.

STEP 06: Always trade with a strict stop-loss and target. There should be no mercy or emotions involved. Prefer stocks with high volume (focus on Nifty 50 and Nifty 100 stocks).