Stocks - Basics

 > Price action -Price action is simply how prices change - the action of price

tradingview.com -> analysis for beginners

1. Support - Resistance 
   
   
   if reaching to bottom from top the base acts as support, if reaching top from bottom top acts as resistance.
   
   
   So here initially A,B are support and C,D became resistance
   But when Graph broke resistance and reached new height then same and stablizing on C,D then C,D became support and 200 became resistance.
   
   
   
2. Trends - Up trend (Bullish), down trend(bearish) and side trend.  
   
   
   Short Selling - selling before Buying (for downward trend)
   
   
   
3. Tools:
   

   

   Uptrend(higher high , higher low) , Down trend (Lower high ,lower low)
   

   
   drawn both Up trend and down Trend

   
   
   
   Trend Line- creating line on up trend and down trend.
   make a line for support and resistance in such a way that we analyze where to buy and sell stock.
   fr uptrend buy on current higher low sell below next higher high.
   
   Horizontal Line-
   
   
   same draw line on support and resistance this case comes for side trend.
   

   
   this is example for horizontal line the lower line is for support and upper line is for resistance.
   
   

   

   
   
   

   these above candles are called bearish candles best time to sell.
   and the lower point candles are targets- point to buy again
   
   

Tools/Indicators used in general are : 

1. trend lines for Price action
2. Volume
3. RSI
4. Averages

> Intraday Strategy : 

 candle sticks should be for - Five minute time-frame / interval

Tools/Indicators used in general for intraday are : 

1. trend lines for Price action
   
   
   
2. VWAP -  Volume Weightage Average Price
   Used to filter trade and support-resistance:
   If price is below VWAP - Sell Signal
   If price is above VWAP - Buy Signal
   
   
   
3. Pivots - Pivot point Standard -> Still doubtful how to analyze pivot
   
   
   Settings for Pivot
   
   
   
4. Stochastic RSI:
   
   
   
   whenever blue line crosses red line from down to up: Buy signal
   whenever blue line crosses red line from up to down : Sell signal

Target : is the profit that u wish to make

Stop-loss : is the max loss that one can bear.

> RULES

1. begin trade at 10 :45 loss win no matter then go again at 12:30
2.  first analyze from pivot then support from Stochastic that is signaling same for buy/sell as pivot then look for VWAP line, also look for days highest and lowest price.
3. take less target for pure profit don't be greedy
4. also stop-loss should be low as per the risk taking capacity.

> How to select stocks in intraday :

1. now will have to monitor and create watchlist of stocks from one or 2 of these sectors i.e IT, AUTO ,Pharma ...etc
   

   
   dont go for news trades , also trade only on NIFTY FIFTY stocks i.e don't trade on low volume stocks, take stocks within range lying 100 - 5000 Rs
   
   

   
   
   
   
2. Open this chart having list of all the sectors(Should be done in morning i.e for trading after 10:45 this is the part that is done before 10:45 same day)
   

   
   Now here we see if change is positive i.e green (Bullish market) then we will go for BUY and BUY-SELL not for SELL.
   As we are going for green then select the one in list with highest change in green and then will go with the flow and select stocks from that one list member as per our homework.
   
   
   
3. Similarly for red if change is negative i.e red (Bearish market) then we will go for SELL and SELL-BUY not for BUY.
   
   
   
4. will draw level Support and resistance using 1H time frame chart i.e for long duration 2 3 days,
5. and then for trading 5 min time frame charts along with Pivot table and will be good if graph hits 1H resistance or support.