INTRADAY DAY TRADE NSE STOCK MARKET LOVERS

PART 2: 

Continued:

5. Stop Loss: Stop loss is a must tool and your savior in the day trade, always finalized your target and stop loss even before take entry into trade. But here I am telling you some important things which are the main reason by which your stop loss hits many time.

6. We all take trade on the basis of a particular time scale, for e.g. 5 min chart, 10 min chart, 15 min chart or so on. So you just have to do one thing, don’t put Stop Loss in system, but keep it in your mind and wait for the time period on which basis you take the trade or we can say let 1 more candle to be complete, exit trade only if next candle close above your stop loss and next coming candle starts forming above it. For e.g. Lets consider you take a trade on the basis of 15 min time frame chart and you take entry at 11.15 @ Rs. 100.00 per scrip with Stop Loss Rs. 98.00 and target Rs. 105.00. Lets consider at 09.20 stocks goes below Rs. 98.00 or your Stop Loss, so you have to wait till 11.30 a.m. and exit trade on the basis of candle starts forming at 11.31 a.m., but keep your eye on buyer seller ration also.

7. This method will save your from all the small/long tails formed by the stock, done by large traders to hit the stop loss of the small retail traders like us.

My today's Intraday Trade:

IBULHSGFIN : Sell at 9.32 a.m. @ 757.90 

Close trade at 9.45 a.m. @ 752.00

A small profit.

www.mynsetrade.com

A small tip: (Please do your own research before take any trade)
ITC at its good level to accumulate 06.06.2019

07.06.2019 ITC shows good consolidation with 60 % delivery report. Entry can be taken but accumulation time starts just now.