Must-know chart patterns for intra-day traders

Chart patterns help one identify potential moves with the help of key support levels and certain predefined patterns.

Intra-day trading is tough. It demands the trader be on his/her toes all day long. Nevertheless, there are a few simple techniques one can employ while analysing a stock for intra-day trading. 

To begin with, determining a trend is of utmost importance in intra-day trading. Entering a stock without considering the trend could lead to a heavy monetary loss and even affect the morale. Besides identifying volumes and moving averages, intra-day moves also need to be considered on the basis of favourable chart patterns. One should build his/her trading model after giving equal consideration to all these aspects.

Key chart