Hareshbhaip & renerwest
with regard to trading the stocks intraday also, a lot of homework is needed. I thought of posting some examples in charts also. I will do it later. Anyhow i will explain some points here.
Basically follow the support and resistance lines on daily and weekly charts. Look for the stocks coming near to them. Try to take trades once the breakout happens. On a genuine breakout you will definitely get volumes as they are the points where the knowledge played enters the market.
secondly try to look for the volume action and flat and no progress price moves. you can observe ABB for example in the recent past.
Wait for the move to happen and take trasdes on confirmation. we will discuss other methods later.
The volume action is seemingly taking in GAIL also. Perhaps we will be listening some news in GAIL sometime later as news always follows charts.
AJAY
I tried to upload the jpeg file for abb. But i could not as file file is larger than the allowed size