Intraday trading is the trading in which positions are held for short as well as for long period within the same day. Intraday trading is generally for short period of time in which investors has to trade for more profit, if it is played correctly then intraday is lucrative game.
Technical analysis is a trading term used to figure out securities and identify trading probability by analyzing statistics collect from trading activity, such as price movement and volume.
Unlike fundamental analysts, who attempt to figure out a security’s basic value, technical analysts focus on charts of price movement and various analytical tools to estimate a security’s strength or weakness.
No, it is not possible to do intraday trading purely on the basis of technical analysis and without watching or reading news, they are like tools in the stock market experts and famous traders are giving advise there. However, if you want to learn technical and fundamental analysis you can join any institute like NIFM, NSE India, ICFM, Share market Shiksha.
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