Intraday Trading Time Analysis

When it comes to day trading, everyday charts are the most normally used charts that constitute the price movements on a single-day gap. These are useful for studying short as well as medium-term time periods; though, some may utilize these for long-term scrutiny. The rule of thumb is to use daily charts to analyze periods more than six weeks. They assist to assess commodity movements in an enhanced way, thus providing a clear picture with regard to the performance of the commodity. This assists in planning the trading arrangement efficaciously for six weeks.

These charts are pretty accepted in the trading world because they assist to exemplify the price movement between the opening bell as well as the closing of the everyday trading session. There are quite a lot of techniques in which intraday charts can be utilized. Intraday trading time analysis makes use of the charts as the most important instrument. Getting familiar with different charts as well as its usages is the most excellent way for expert time analysis.

Active traders habitually analyze charts to scrutinize the future market movements. There are long-term as well as short-term intraday charts. But the most accepted charts are those in lieu of one-day interval variations. Different charts are as explained below.

Types of day trading charts

There are primarily four types of day charts which can be used for intraday trading time analysis.

1. Intraday hourly charts

Hourly charts can be used mostly for short-term kinds of trades or swing. These help to examine the trades that survive from hours to few days. Hourly intraday charts portray thorough data restricted to a single trading day.

2. 15-minute charts

15 minutes charts are for deals limiting from an hour to a small number of sessions of trading. They depict trends at 15 minutes period of time for any commodity. The trends of high and low, closing and opening are caught in 15-minute charts.

3. Intraday 5 minute charts

5-minute intraday charts are very popular charts that are being used for time analysis. The charts are for fast trading starting from minutes to a few hours. Long-term dealers as well use 5-minute charts to find out the exit as well as entry points.

4. 2-minute charts

The 2-minute charts are yet another popular chart used by the intraday traders. The 2-minute chart depicts price shifts for every 2-minute gap within a time period. Traders apply them for trading from several minutes to a few hours.

5. Intraday tick trade charts

Tick charts for intraday trading can be used to measure transactions. These charts are known as trade charts and are in the form of line charts depicting each trade. Tick charts are easy to use and excellent to recognize strength and momentum.

Verdict

Based on the perspectives of a trader and the time period being examined the market conditions can change. To thrive, analysis of the precise time period is significant and is a crucial intraday trading lead to remember always. Selecting a time frame has to be based more on the time you can spend in the commodity markets every day. Multiple time frames can be utilized to improve our day trading strategies. Gill Broking will provide you with all the time frame charts and guide you.

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It is, therefore, important to learn both the pros and cons of intraday trading to get a better idea of how this market works and how exactly you can grow your money. In this post, we will walk you through a few advantages and disadvantages of intraday trading. So, keep reading to learn more.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

Names and contact details of all Key Managerial Personnel including Compliance Officer

Sr. No.Name of the IndividualDesignationContact NumbersEmail Id
1 Charanpreet GillCEO/MD011-40345555admin@gillbroking.com
2 Charanpreet GillWhole Time Director011-40345555gillbroking@gmail.com
3 Charanpreet GillCompliance officer011-40345555compliance@gillbroking.com
4Manpriya GillDesignated Director-1011-40345555manngill04@gmail.com
5Kewal GillDesignated Director-2011-40345555fvwealth@gmail.com

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