Scalping trading is the process of earning money through frequent buying and selling a particular stock in a day. It is a short- term trading technique to invest in liquid assets at the low price and sell them at higher prices many times a day. The investors involved in scalping trading are called scalpers. They will be able to earn multiple small profits in a large volume of trades in a limited time frame.

About EID Parry

East India Distilleries Parry Limited is an Indian public company that is involved in the business of manufacturing sugar and nutraceuticals. Its headquarter is in Chennai. It has nine sugar plants spread across South India. It has its subsidiary named Coromandel International Limited which has its presence in farm inputs. In FY22, the total Operating Revenue is ₹ 2496.30 crores and Equity Capital is ₹ 17.74 crores. As on 21st November, 2022 its market capitalisation stands at ₹11,114 crores and the volume traded is 75,885 shares.

Process of Scalping Trading

The process of scalping trading is somewhat similar to intraday trading with a difference in time of each trades in intraday being 1 to 2 hours and 5 seconds to 1 minute in scalping trading.

 

You are required to have a demat account and should select scalping as your primary technique or with your other trading strategy.

 

Continuously check EID Parry share price and complete the technical analysis of EID Parry. Check trading charts, time frames to understand the minutes or seconds price movements of the EID parry share. After that, you can execute the high-speed trading style and can take 10 -100 orders per day.

 

Multiple chart scalping is the technical indicator to analyze EID Parry share price. Create a 15-minute chart without any indicators and then draw three lines one for the opening print and two for the high and low of the trading range to set up in the first 45 minutes of the session. Check price actions at those levels and it will provide the signals of two minutes buy or two minutes sell. The best profits can be earned when scalps align with the support and resistance levels on the 15-minute, 60-minutes and daily charts.

 

The techniques while adopting scalping trading are -An investor should simultaneously buy and sell the stock by posting a bid price (buying price) and offer price (selling price).An investor should purchase a large number of stocks at a lower price and then sell them immediately after a small rise in price. Therefore, you can earn high profits on high volume with lower profits on each single trade.An investor should buy shares on any signal of low price and quickly close the position after the first exit signal.

 

Conclusion

Scalping trading is best for the investors who want to minimize the risk and are satisfied with smaller profit margins in each trade with larger volumes. It is the best trading style to earn profits without waiting for a long-time. It is performed at a very high speed and therefore doing a technical analysis is very important for it.

 

 

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