How to filter stocks for intraday from End of day data

[pareshbhangale]

Hi,

How to select stocks for intraday from End of day data. Please let me know if anyone is doing that?

Regards,
Paresh

 

[marimuthu13]

Hi,

How to select stocks for intraday from End of day data. Please let me know if anyone is doing that?

Regards,
Paresh

Take out 4 hour time frame charts,

1. identify trend in 4 hour time frame using either price action - (HH HL & LL LH, VPL, VPH, MPH, MPL ) or simply with Super trend (8,2 or 10,3 settings) or PSAR or EMA's (50/200 EMA ) etc etc..

2. After identifying trend, look for confirmation from momentum , using ADX or CCI etc etc..

3. If you get stocks that meets both criteria, then try those stocks for intraday..

For doing it in intraday , follow same steps in 1 hours and 15 min charts... 1 hour chart for signal confirmation and 15 min chart trade entry....

this way , you are going to trade in same direction of 4H, 1H and 15 Min..

 

[sumantra]

Take out 4 hour time frame charts,

1. identify trend in 4 hour time frame using either price action - (HH HL & LL LH, VPL, VPH, MPH, MPL ) or simply with Super trend (8,2 or 10,3 settings) or PSAR or EMA's (50/200 EMA ) etc etc..

2. After identifying trend, look for confirmation from momentum , using ADX or CCI etc etc..

3. If you get stocks that meets both criteria, then try those stocks for intraday..

For doing it in intraday , follow same steps in 1 hours and 15 min charts... 1 hour chart for signal confirmation and 15 min chart trade entry....

this way , you are going to trade in same direction of 4H, 1H and 15 Min..

Subject to prove by practical application.....!!

 

[ajeetsingh]

A Doji with High Volume (on daily chart), many times show good action next day (Intraday)
You can have a look of such stocks here.

http://www.topstockresearch.com/CandleStickPatterns/FNOReportOnIndianStockFormingDojiPattern.html

Best is to look for Doji's on 5 min chart next day.
Doji in first minutes of day will give you a swing profit of 1%.
Leave if there is no favourable setup on particular day.