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Rutuja Nigam made post

How important are daily charts for an intraday trader?

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2 years ago

When it comes to intraday trading, daily charts are the most commonly used charts that represent the price movements on a one-day interval. This gives you quick and dirty indicators of how you can make money in day trading. These charts are a popular intraday trading technique and help illustrate the movement of the prices between the opening bell and closing of the daily trading session. There are several methods in which intraday trading charts can be used. You can use these charts to set out the boundaries of the price, the entry and exit levels, the risk points, the return points etc.