Doing trading for intraday ,positional means weekly/monthly/yearly etc are now a days became common thing for each and every traders.Most importantly people willing to do trade in Intraday as money flows too faster here.Inorder to do Intraday Trading i use fundamental analysis and Technical analysis.Fundamental analysis is generally used for selection of a Stocks out of thousand of stock,which will help you to identify good stocks for your preffered time duration i.e long term or short term duration.Then we can analyse through Technical analysis where we will use Indicators,Oscillators,chart patterns,candlestick patterns.
These anlysis will help you to get the approximate nearby Entry and Traget levels.Here also we will get Pivot Points,Support levels & Resistance levels of any instruments like stocks.
Sometimes we can use stoploss & reverse mechanisms to stop the loss and to recover the losses as well.
Both Fundamental analysis and technical analysis are having their own strength.We can not ignore any one of them.To be asucessfull trader you need to go thoroughly both fundamental & technical analysis as well.
Keep updated daily market movement ,news reports,monitoring portfolio daily to know day today movements.
Follow the rules for daily analysis such as:
*Track past performances of the stocks.
*3 year financial reports of a selected company.
*Find out the peer comparison of that company and analyse the trend.
*Find out the 3 support levels & 3 resistance levels.
*Find out the pivot levels.
*Find out the stoploss level.
*Check the overbought & oversold levels as well.
*Then find the entry level where you want to invest.
People can use the chart patterns to filter trends such as Double top/double bottom patterns,symetric triangle pattern and more patterns etc.
These fundamental analysis & Technical analysis will help you to do analyse not only for stock,indices,derivatives,commodities but also helps to analyse Forex market as well.
Issues are at entry & exit levels that people are facing in a trading sessions because of early entry,wrong entry,bluffing on stock trends.So becareful while enerting into the investing into stocks.Crosscheck your analysis before investing.