How you will find best stock for intraday trading?

How you will find best stock for intraday trading?

There are several ways to find the best stock for intraday trading, including:

1.Technical analysis: Use chart patterns and indicators to identify stocks that are showing signs of short-term price movements.

2.News and events: Keep an eye on news and events that may affect the stock price, such as earnings reports, product launches, and FDA announcements.

3.Volume: Look for stocks with high trading volume, as this can indicate strong buying or selling pressure.

4.Volatility: Look for stocks that are showing high volatility, as this can indicate potential for large price movements.

5.Scanners: Use trading scanners to quickly scan for stocks that meet specific criteria, such as those with a high relative strength or those breaking out of a pattern.

It's important to note that no single method is foolproof and it's always a good idea to use multiple methods and to do your own research before making any investment decisions. Also, it's always recommended to have a proper risk management strategy while trading intraday.

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