Intraday Technical Analysis

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Intraday technical analysis involves a lot of elements and learning them all and applying them effectively in the live share market would require some time, practice, patience and consistent learning.

Some people even ponder that does technical analysis work or not?

Let us discuss some of the very basics of intraday technical analysis that can help you in getting started and making a mind about intraday trading. This technical analysis of stocks can make or break how you end up as a trader in your overall stock market journey.

Mind you, intraday trading is one of the most lucrative and at the same time, a relatively riskier proposition, especially for beginner traders.

Intraday Technical Analysis Assumptions

The first thing to discuss intraday technical analysis is the assumptions on the basis of which we believe in intraday technical analysis and use it in earning returns from the stock market.

The first assumption is that the current stock price and price of the index already reflects all the information that is required for deciding the price. It includes all the information that is publicly available as well as information that has not yet been made public.

The second assumption is that looking at the patterns of past stock and index prices, one can accurately predict the future price of the stock or index. And the last assumption is that history repeats itself.

Then, you would be required to know about support and resistance levels in technical as well as intraday trading charts. These levels are determined in various ways.

A support level is that level at which the bullish forces start to overpower the already existing bearish forces which have been acting for some time.

After reaching this level, the stock or index prices start to rise up and shows a trend reversal if it is accompanied by large volumes.

Similarly, the resistance level is that level at which the bearish forces start to overpower the already existing bullish forces which have been acting for some time.

After reaching this level, the stock or index prices start to fall down and shows a trend reversal if it is accompanied by large volumes.

Then, you need to know about the major prices which are of utmost importance in intraday technical analysis. Open price, close price, high price and low prices are the prices which help in making technical charts.

Then, there are different kinds of technical as well as intraday indicators and oscillators with the help of which one can generate buy as well as sell signals while the trading is being done in a live share market.

Intraday Technical Analysis Courses

If you want to learn in detail about intraday technical analysis and about the technical indicator and oscillators, you should consider taking an online stock market course.

Two such courses can be availed on your phone through a stock market education app called Stock Pathshala. This app also contains more information about the stock market in the form of audio podcasts and videos, articles, etc. 

In case you are interested to start your stock market trading, let us assist you in taking the next steps ahead.

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More on Intraday Trading

If you wish to learn more about this form of trading, here are a few references:

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