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Yes. Intraday price movements are impacted when other countries open with heavy volume of trade.
All positional analysis strategies require at least 1 month to determine the trend. So it is no possible to do intraday using this analysis.
Analyzing the trend of one a day is called intraday analysis.
10 to 11.30 am
2 to 3 pm
We need to close the intraday long position to avoid the risk of price fall in the non trading hours till the next trading day.
There is no rule to close an intraday long position. But an intraday short position should be closed within the day’s trading hours. If it is not done, we will be levied a penalty.
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