For consistent intraday profits, a good setup blends technical analysis, risk management and discipline. Here’s a proven intraday trading setup that many successful traders use:
Best Intraday Setup: “Breakout + Retest Strategy“
1. Pre-Market Preparation (9:00 – 9:15 AM)
– Identify high volume stocks from the Nifty 50 or F&O list.
– Use a screener (like Chartink, TradingView, or Zerodha Streak) with filters like:
– High volume
– Above previous day’s high/low
– RSI between 40–60
—
2. Chart Setup
– Timeframes
– Use **15-min for setup**
– Switch to **5-min for entry**
– **Indicators:**
– 20 EMA and 200 EMA (for trend direction)
– VWAP (volume-weighted average price)
– RSI (for momentum confirmation)
– Volume
—
3. Strategy Steps
Step 1:** Wait for a **breakout** above a key resistance level or **breakdown** below support.
Step 2:** Wait for the **retest** of the breakout level (acts as support/resistance).
Step 3:** Enter trade only **after confirmation candle** with volume.
– Buy on breakout + retest above resistance
– Sell on breakdown + retest below support
Stop Loss (SL):** Just below the retest candle (or VWAP)
Target:** 1:2 or 1:3 risk-reward (or exit at next resistance/support level)
—
4. Risk Management
– Never risk more than **1–2% of your capital** on a single trade
– Use **bracket orders** or **OCO (One Cancels Other)** if available
– Avoid revenge trading or overtrading (stick to 1–3 good trades max)
—
5. Bonus Tips
– Avoid first 15 mins of trading (wait for volatility to settle)
– Use **News + Price Action** for better conviction
– Always check Nifty trend and global cues before entering
