Intraday Trading Techniques and Formula to earn Good Profit in The Stock Market

Now, it’s very easy to maximize the daily profit using Intraday Trading Techniques / Formula in NSE India. Stock market fluctuations every time gives trader surprises and therefore trader should be ready to accept and challenge the unexpected. With the proper Intraday Trading Tricks and knowledge, the trader can have the road to intraday trading success in the long run.  As the name suggests, intraday trading is a type of trading when the shares are bought and sold on the same day.  The risk associated with Intraday trading is very high then another trading. But, if the trader plays safely with the right trading rules, he/ she can have success in Intraday.

Here are some simple, easy intraday techniques that can help traders to win the stock market and plan their profitable trade.

Let’s have your eyeballs on some of the Simple Intraday Trading Techniques by the experts of Trading Fuel. Trading Fuel- pioneer Institute in providing live market practical training to budding intraday traders. In this regard, fresher should learn from the experts then put their shoe into Trading.

BASIC CANDLESTICK KNOW-HOW :

Green Candle and Red candle.

There are four prices in the candle.

1.Open

2.High

3.Low

4.Close.

If Open to close is high it is a green candle.

If open to close Below it is a Red candle.

Intraday-Trading-Techniques-Candlestick

Learn Intraday Trading Formula Of Break Out :

  • If Close is Above the previous Candle High.
  • It calls as a Closing Basis Break Out.
  • This Break Out is Useful for BUY.
  • If Close is Below the previous candle Low
  • It calls as a Closing Basis Break Out.
  • This Break Out is Useful for Sell Short.

Follow this Technical Intraday Rules :

  1. Useful for Nifty & Bank nifty ( Read More about – What is Nifty )
  2. Accuracy more than 75 % to 80 % in Intraday (Day Trading)
  3. Input 5 min chart (Need min to min chart)
  4. Focus on day first candle High and Low (DFC)
  5. Chance to earn every month minimum of 20,000 Rs. (Fix Income In Intraday Trading)

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Intraday Trading Break Out Formula :

Intraday-Trading-Techniques-Break-Out-Strategy1

Sell Trade Success Techniques

  1. When the day first candle (DFC) gives closing below the low, the trader should punch the sell trade. The trader should focus on the close & close below low. The trader can get closing on any no of candle i.e 3, 4 or 5 candle. The next candle to closing candle will be a qualified candle to go for sell-side.
  2. Day first candle high and low difference will be first target for the trader to book profit.
  3. DFC high be where you should put stop loss
  4. you need to look for the second target at 3:25 pm

Buy Trade Success Intraday Techniques

  1. When the day first candle (DFC) gives closing above the high, a trader should punch the buy trade. The trader should focus on the close & close above High. The trader can get closing on any no of candle i.e 3, 4 or 5 candles. The next candle to closing candle will be a qualified candle to go for buy-side.
  2. Day first candle high and low difference will be first target for the trader to book profit.
  3. DFC low be where you should put stop loss
  4. You need to look for the second target at 3:25 pm

Gap Up or Down Open – Good News Or Bad News?

1. Previous Day High Above Open = Out Side Gap Up

2. Previous Day Low Below Open = Out Side Gap Down

INTRADAY BREAKOUT FORMULA WITHOUT GAP-UP OPEN:

Intraday-Trading-Techniques-Buy

INTERPRETATION:

If the market open at price higher then previous day high it’s said to be Out Side Gap Up Open. If the DFC candle (9:15 Am) with the gap up open price gives closing above high, go for a buy trade. Here the close above high is on 4 candles. 5 candle is a qualified candle to punch buy trade.

BREAKOUT FORMULA WITHOUT GAP – DOWN OPEN:

Intraday-Trading-Techniques-Sell

INTERPRETATION:

 If the DFC candle (9:15 AM) opens below previous day low, it is said to be Candle with Gap down open price. If The Candle with Gap down price gives closing below the low, go for a sell trade. Here the close below low is on 2 candles. 3 candle is a qualified candle to punch sell trade.

More Latest Chart Banknifty :

Banknifty-Intraday-Trading-Techniques
Banknifty-Intraday-Trading-Techniques-2
Banknifty-Intraday-Trading-Techniques-6.
Banknifty-Intraday-Trading-Techniques-4

The Secret Formula for Day Trading

Intraday trading is not as simple as it is made out to be. Before you get into the act of intraday trading, you need to learn the secret formula for intraday trading. Let us look at this formula that can help you to become a successful intraday trader.

Trading Rules to become a successful intraday trader:

  • Intraday trading is about focusing on and protecting your capital. Do not trade with big profits in your mind, instead of that focus on how much risk you are willing to take per trade. Once you learned about protecting your capital from depleting beyond a point, profits from day trading will automatically follow.
  • Don’t trade during the volatile market. Always trade with the trend. Intraday trading gives the best result when the momentum and direction of the market are predictable.
  • Never forget to keep stop loss. It is one of the keys to achieve success in day trading. Without a stop loss, you may end up holding positions with the unmanageable market to market loss.
  • Whatever trade setup you use for day trading, as an intraday trader you must know about right entry and exit point. You have to take three key decisions about when to buy, when to sell and when to sit tight.
  • Don’t panic when you are doing intraday trading, that leads you to take wrong and hasty decisions in the market.
  • Never try to recover your losses by overtrading. It is the golden rule for intraday trading. Overtrading will lead you to lose money in both ways.
  • Keep a record of your daily trade. It will help you to find your mistakes and really useful for you to become a better trader.
  • Whatever Intraday Formula you use for Intraday trading, first do backtest with past data and also in the live market. Once you are ready with backtesting, as per your risk management strategy you can use your intraday trading formula.
  • There is no golden key to become a successful trader, only practice makes you a good intraday trader. Practice, Discipline and Risk management is the key formula for successful intraday trader.

Lastly, We at Trading Fuel don’t use simple intraday techniques because they are good. We use them because they work.

Our trading methods are based on simple rules which anyone can easily adopt. They help us to act in time with perfect information and give best results.  Our trading methods are tested and confirm that are accurate and profitable.

We impart training to investors and traders using our trading methods that can help you to become an independent profitable trader.

Author

Prashant Raut is a successful professional stock market trader. He is an expert in understanding and analyzing technical charts. With his 8 years of experience and expertise, he delivers webinars on stock market concepts. He also bags the ‘Golden Book of World Record’ for having the highest number of people attending his webinar on share trading.

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