Hi guys, I’m newbie and started trading on stock market and I am using 1 minute, 5 minute & 15 minute time frame. The problem is which time frame should I use for draw the support and resistance line.
Please tell me thanks in advance
Daily is the best for you right now
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Thanks bro
It’s best to use higher time frames. They provide more reliable levels. You can then use the 1 and 5-minute charts for fine-tuning your entries and exits. Good luck!
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4 hour time frame any day of the week.
For day trading, I’ve found that 5-minute or 15-minute charts are great for spotting support and resistance levels. They show you the action within the day and help you pinpoint key levels. I also check the 1-hour chart for some extra context. This combo works well for me!
Whatever time-frame is your main reference on the price chart, do not lose sight of the daily. Especially D1 high, low and close (ignore the open).
Also I see traders printing up 1-minute and 5-minute charts but they have so many candles showing that they individually mean nothing - the chart becomes basically a line chart with a very very thick line. Which is ok but this is a misuse of a candlestick chart’s capabilities.
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It’s always better to draw support and resistance lines on big time frames like D1, weekly or monthly timeframes.
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Do you drawn your support and resistance level on a candlestick chart or line chart?
I am searching for the perfect way of drawing support and resistance line.
Why did you choose 4hrs sir?
I know you’re mostly asking Greg and not me. But I’ll risk chipping in with a couple of little comments anyway.
Most of the time it’s not very important, but generally candles/bars are a little bit more accurate for this than a line-chart because they show the highs/lows but a line-chart is constructed only from the closes.
The highs/lows demonstrate “price-rejection” and that’s just another way of saying “support and resistance”.
What is important is to understand that levels of support and resistance are always approximate anyway. They’re more like “bands a few pips wide” rather than “precise levels”. It’s therefore not worth stressing too much about how precisely you do it. It isn’t precise anyway. But overall bars/candles are probably better than line-charts. I think almost all very experienced traders would agree with this. 
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I really appreciate 
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Excellent answer 
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This can be a great way to determine your directional bias while intraday trading.
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Higher Timeframe such as Daily is the best since it will give u insight into the directional bias of the market condition. Then also the 4hr and 1hr are perfect for entries and stop-losses.
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