shiv2798
Short

Titan Short for day trade

NSE:TITAN   TITAN COMPANY LTD
14 views
1
14 0
People often go with time frame of 15 M, 30 , and try to do day trading in the small time frame setting up stop Just as below their buy , but the fails to understand the Market Move in context with larger time frame or what is happening in Large trend ,
Many buy small pull back and get stuck with getting stop hit , and many sell at the end of trend and get stuck with stop hit , why this is happening with major day trader is because the use of right tools is not being considered by day trader ,
Which one is correct way to consider the tools or time frame in context with day trading
01) USE higher time frame like 4 H or More in case possible to understand the trend and the Major Support and resistance Zone , where the price is facing problem, or Price is struggling to overcome the Supply or Demand Zone .
02) USE and identifying the Zone of Supply and Demand ( Support & Resistance ) You can select the area where you would like to take trade , either supply in case of Sell and Demand in case of buy.
03) Identifying the Zone of Supply and demand will help you to Note when to enter or where to enter , You can chose to enter in Your required time frame once you identify the Zone in Higher time frame , So that you being a day trader can move with market movers.
04) Never Put stop just because you brought @ X Cost and Your target is X+2 Point and so your Stop is X-2 Point , Buy only when Price is in Demand Zone and place stop below the demand Zone so the price can not turn you down hitting the stop ,
05) Sell only where there is supply Zone and place the stop above the supply Zone , Never Place it thinking or pretending the price many not move such high
06) The only reason you should be worrying is how the Market Movers ( Institutional )will consider the area of Demand and supply , Only by using higher time frame , Not by Smaller time frame ,
I hope i have made it clear here , please use Higher Time frame Candlestick analysis in Trading view and look for overhaul market trend and demand , Supply and then you can set your buy and sell in smaller time frame
Titan is Getting week , I am looking sell below 473 and book near 467
with stop of +5 Point
Cheer s
Apr 13
Trade active: Stock jumped above the support line , it seems stock may fall any time below the line of Support once failed the trade is active
Cheers
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out