Nifty : Range movement (1D) , gap (15m) and trapped candle (5m)

Mar 3, 2022

The chart simply analysed on 1D , 15 min and 5 min time frame.

1 day time frame : Range bound support & resistance, 200 EMA and Fibonacci level analysis.



15 min time frame: GAP analysed, which is acting as support & resistance.



5 min time frame: Trapped Candle Analysis

Thanks

Mar 3, 2022

Note

1 DAY TIME FRAME: Other information's
Inside Bar: candlestick patterns form within the bounds of prior highs and lows wick (Rs 16821 -16344), very useful for intraday trade and price indicate range within inside candle i.e., means support & resistance are high and low of one candle, quite significant data for price action.