Simple Intraday Strategies to be followed

Click the above chart to get enlarged

3min - EMA  - Red Line (closely following candle Stick)

13min - EMA - Green Line

34min - EMA - Black Line

55-min EMA - Gold Line

200 min EMA - Yellow Line ( Wont visitble good in white background so i kept it orange )

 

 

Two Simple Rules to Follow

 

1) Go Long if 3 EMA is  above 13 EMA and 13 EMA is above 34min EMA with stop loss below 34 EMA

2) Go Short if 3 EMA is below 13 EMA and 13 EMA is below 34min EMA with Stop loss above 34 EMA

 

Remember : These Two rules wont follow in a range bound market and well behave in case of volatile market

 

If you witness from the stock that at 4870 it is clearly witness from the Intraday chart that 3 EMA is below 13 EMA and

13 EMA is below 34min EMA with Stop loss below 34 EMA. Cool We have founded  the selling point in Nifty.

So one can short the market at this level with minimum stop loss at 4890 above 34min EMA. If EMA pattern reverses  then your stop loss may hit.

But if you notice the chart it is clearly evident that the pattern doesnt changes until the end of the session so one can carry forward

to next day or else can book the profit.