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An intraday setup is important for trading because it helps traders make informed decisions and manage risk:

Risk management

Closing positions daily reduces the risk of overnight market events.

Decision making

Traders can avoid impulsive decisions by pre-determining their entry-level and target price.

Technical analysis

Traders can use technical indicators like Bollinger Bands, Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD) to identify trends and measure market volatility.

Strategy selection

Traders can choose from a variety of strategies, such as scalping, momentum trading, or breakout trading.

SPEAKERDharmendra RajbharTrainer

PGDM in finance, having 5+ experience in Equity, commodities , forex analysis and trading.

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