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1. While positional analysis is being done to create a long time investment , intraday is meant for the day.
2. PA takes lot of time and in intraday every minute counts.
Hence PA is not used in intraday analysis.
Positional analytical methods are meant for long duration which require following the market for a certain period of time, planing the strategies and acting accordingly. But in intraday trading, stocks are bought and sold within a day and hence positional analysis cant be used here.
the method are not suitable in intraday because of the positional method not depends on market. and then , following the current trend of market
As intra-day trades happen on real time (every minute price changes ), positional analytical methods which rely upon data polled from several days to weeks will not be appropriate.
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