Hi Sir,
While selecting a stock for analysis , if i consider weekly chart it is showing one pattern and monthly chart it is contradicting the pattern.For example when i analysed yes bank chart (each candle shows for 5 minutes) i found doji pattern and the same is not true when i take monthly chart(each candle represents 1 day).So can you please let me know the time frame selection for stock.
Hi saikirankumar,
When we do analysis based on candle stick it is better to select day candles. We can use day candles for a period of few weeks.
Hour candles or intraday candles are not that much effective.
Thank you Mohan.