INTRADAY

1. Always look for

(a) Day Chart.
(b) Yesterday Low.
(c) Today’s Open.
2. Should not have predefine view of the market.
3. VWAP is more effective for intraday as it has incorporated volume in it.
4. When using VWAP keep in Mind Previous Support & Previous Resistance,
along with Bollinger Band.
5. If you are not an experience trader, always go for 1 hr chart.
6. As an Intraday trader you will not trade everyday, You will trade only when
full confirmation is there.
 VWAP

1. In a trending market. If price is moving

up , the VWAP should be curved in
upward direction .
2. In a trending market. If price is moving
down , the VWAP should be curved in
downward direction .
3. Also , if market is trending & you have
missed the station, after 1245 hrs the
price will either come close to VWAP or
will touch the VWAP.
 VWAP/ BB
1. BB, upper & lower medians are a major
Resistance & Support.
2. If price open at BB , then we will wait for
price to do Band Blast in a proper way.
3. So whenever price is above VWAP &
above Upper Band , wait for Band Blast.
4. If price fails & comes down below VWAP,
next target will be 20 SMA. It is also a
Average Line , which attract price & act
as Support & Resistance.
5. If price has to break 20 SMA , it will be
with the help of a big candle and in a fast
manner.
6. Now, if it backs from 20 SMA, it is not
suppose to be bought , until it closes
above , the closing price of the days
highest closing price, no buy trade to be
taken.
7. Draw a horizontal line at the Highest
Close & wait for the price to close above
it. No BUY trade to be taken even if the
price is above VWAP.
8. If price reverses from previous Resistance
& closes below VWAP, take a short trade
with Previous Resistance (Horizontal
Line) as SL .
 VWAP/ PR

1. Previous day resistance will act as

Resistance for Next Day only.
2. If price is above VWAP & start sustaining
at some place , exit the buy trade.
3. But don’t short sell at the same time, as
the price which has traded above VWAP
for almost 2 to 2& ½ hour will not fall
that easily. So need confirmation before
a short sell trade.
4. Now if price moves up, again remember
Previous Resistance is Next Resistance.
So , think of a sell trade at Previous
Resistance.
 VWAP/ PR
1. BB, upper & lower medians are a major
Resistance & Support.
2. If price open at BB , then we will wait for
price to do Band Blast in a proper way.
3. So whenever price is above VWAP &
above Upper Band , wait for Band Blast.
4. If price fails & comes down below VWAP,
next target will be 20 SMA. It is also a
Average Line , which attract price & act
as Support & Resistance.
5. If price has to break 20 SMA , it will be
with the help of a big candle and in a fast
manner.
6. Now, if it backs from 20 SMA, it is not
suppose to be bought , until it closes
above , the closing price of the days
highest closing price.
7. Draw a horizontal line at the Highest
Close & wait for the price to close above
it. No BUY trade to be taken even if the
price is above VWAP.
8. If price closes above the closing price,
wait for price to come back to VWAP to
take a buy trade.
9. We will bargain with the price & take it
at a station (VWAP).
 BB BLAST (FAIL)
1. If Band Blast fails.
2. Only think of sell trade only.
3. If it start sustaining like present scenario,
wait for 20 SMA to break or Day’s high to
be broken.
4. If 20 SMA is broken, take a short sell with
SL at Day’s high.
 BB TRAP (FAIL)
1. If BB Trap is formed by a long inverted
candle.
2. If price is not able to cut the high of this
inverted hammer, there will be SL
hunting.
3. If you have missed that candle then ,
notice that , price started testing the
high made by previous candle. Exit the
trade.
 BB TRAP (FAIL)
1. If price leave the band & start trading at
same level, then exit.
2. As there will be SL hunting.
3. 5 candle rule is being followed, 5 or more
candle at same place, market will
reverse.
4. Else, if Red & Green Line of HM meets,
exit the trade.
5. Buy when high of the day is broken.
 BB TRAP
1. If price after a BB Trap, comes back &
start sustaining above VWAP. Wait as it
should have cut the VWAP in one go.
2. If one of the candle cut 20 SMA, Reverse
the trade.
3. Remember that it is the 24 hour average ,
that is broken. The price was trading
above it for 24 hours. Price will fall.
4. Put SL at High of the candle which has
broken 20 SMA.
5. That is why ,when price reversed , it
averaged itself at 20 SMA & continue
downwards.
6. HM is also blue , hence indicating a
downward momentum.
 BB TRAP
1. SL HAS TO BE THE HIGH OF THE DAY.
2. If the price has to reverse, it will reverse
with a huge candle, & will not give you
an invitation
 BB TRAP
1. If Volume, Price & Strength is at same
place, price will not go up.
2. Moreover , the strength is reducing from
79 to 68 & is FLAT.

79
68
 CHART READING
1. Price has come to average.
 CHART READING
1. Morning High Acting as Resistance
 VWAP
1. If VWAP is down & price is down, every
rise is a sell.
2. Similarly, If VWAP is curving up & price is
above VWAP, every fall is a buy.
3. Whenever price GAPS UP / DOWN a
resistance/ support, it has to sustain
there for 2 hours to be effective.