What time frames are best for intraday trading

Intraday traders commonly use the 5-minute, 15-minute, and 60-minute charts to analyze stock trends and movements. Each time frame offers a different perspective, contributing to a comprehensive understanding of the stock's overall picture.

1. **5-Minute Charts**: These charts show price fluctuations at five-minute intervals, providing a detailed view of short-term price movements. They are particularly useful for refining entry and exit levels, helping traders to capitalize on small price changes throughout the day.
2. **15-Minute Charts**: Fifteen-minute charts offer a slightly longer view than 5-minute charts, allowing traders to identify key support and resistance levels. They are useful for tracking price movements and identifying trading opportunities.
3. **60-Minute Charts**: The 60-minute chart provides a broader perspective, helping traders to identify the prevailing trend in the market. It is often used to determine the overall direction of the stock's movement for the day.

By combining the analysis of these three time frames, intraday traders can develop a comprehensive view of the market and make more informed trading decisions. The choice of time frame ultimately depends on individual preferences, trading strategies, and the liquidity and volatility of the stocks being traded.