Gap Analysis is Used to identify strength of market, Rally strength. Not a directional indicator, tells if trend is moving with strength or lacks strength. Helps to locate current phase of strength, ie once manage to locate , can tell if we are early in trend or broken out or running away of trend or termination of trend. Appears because of difference in trading range.Naming the gap is important to identify strength. Use Candle stick to identify gap.
, , Gap Analysis, its time to revisit the gap analysis and its relevance to understand the strength of the trend.
Hi sir,
Answering to your question 1 :: what is ROI / what is benefits/how 2 chk?
Return on Investment (ROI) is used in fundamental analysis and it is one of the many data’s used in fundamental analysis. Hence it is not important in technical analysis .
Answering to your question 2 :: For intraday chart time frame which 1 best?
5 minutes candlestick chart is best for intraday.