Intraday Stock Chart Strategies for Indian Traders
Intraday trading in the Indian stock market requires sharp decision-making, fast execution, and a clear understanding of chart setups. Many Indian traders rely on technical chart strategies to time their entries and exits during market hours. In this guide, we’ll explore effective intraday stock chart strategies tailored for Indian platforms like Zerodha Kite, Upstox Pro, and TradingView India.
Why Chart Strategies Matter in Intraday Trading
- Quick trend spotting
- Defined entry and exit points
- Risk control via stop-loss levels
- Repeatable trading setups
Charts help simplify decision-making by highlighting price behavior and trend strength—critical in fast-paced Indian market sessions.
Recommended Timeframes for Intraday
| Trading Style | Chart Timeframe | Example Stocks |
|---|---|---|
| Scalping | 1-min, 3-min | Reliance, ICICI Bank |
| Quick Swings | 5-min, 15-min | Infosys, HDFC Bank |
| Positional Intraday | 30-min, 1-hr | NIFTY, BANKNIFTY |
Top Intraday Chart Strategies for Indian Traders
1. Opening Range Breakout (ORB)
- Setup: Track first 15-minute candle
- Entry: Break above high = Buy; break below low = Sell
- Works best on: High-volume NSE stocks like Tata Steel, Axis Bank
Tip: Confirm with volume surge for reliability.
2. Moving Average Pullback
- Use: 20 EMA or 50 EMA on a 5-minute chart
- Entry: Buy on bullish candle bounce from MA in an uptrend
- Exit: Previous swing high; Stop-loss below MA
3. VWAP Bounce or Breakout
- Tool: VWAP (Volume Weighted Average Price)
- Buy: When price bounces above VWAP during uptrend
- Sell: When price breaks below VWAP during downtrend
- Popular among: Professional scalpers using Zerodha Kite
4. Price Action at Support/Resistance
- Draw horizontal zones
- Wait for bullish/bearish engulfing candles near these areas
- Entry with minimal stop-loss, especially effective in range-bound stocks
5. MACD and RSI Confirmation
- Use MACD crossover for trend
- Confirm entry when RSI is rising from oversold zone
- Best for stocks like HCL Tech or SBI
Pro Tips for Indian Intraday Traders
- Avoid trading in the first 5 minutes of market open
- Stick to 3–5 stocks for better focus
- Always use stop-loss; keep risk-reward at least 1:2
- Keep an eye on economic news (RBI policy, earnings reports, etc.)
FAQs
1. What is the best chart timeframe for intraday in India?
5-minute and 15-minute charts are most popular among Indian intraday traders.
2. Are indicators necessary for intraday chart strategies?
They help, but many traders also succeed using pure price action and volume analysis.
3. Can I use these strategies on Zerodha Kite or Upstox Pro?
Yes, all listed strategies are compatible with most Indian brokers’ charting tools.
4. Is intraday trading profitable using charts?
Yes, with discipline, strategy, and risk management. However, it involves high risk and demands practice.
5. What stocks are best for intraday chart trading?
NSE F&O stocks with high volume and liquidity—like Reliance, HDFC Bank, and NIFTY50 components.
