VWAP & Previous Day OHLC Explained | Intraday Support & Resistance

What is VWAP and why do intraday traders track the Previous Day High, Low, Open and Close? VWAP shows the volume-weighted average price for a trading session, while Previous Day OHLC marks important reference levels from the prior session. In this video, we explain how VWAP and Previous Day OHLC can be used to study intraday support, resistance and price behaviour on Dhan Charts. You will also see how these levels can be combined with price action and other trading setups. Topics Covered: What is VWAP? VWAP full form How VWAP works VWAP as intraday support and resistance Why traders track VWAP VWAP for intraday trading VWAP for scalping What is Previous Day OHLC? Previous Day High explained Previous Day Low explained Previous Day Open explained Previous Day Close explained PDH and PDL as support and resistance VWAP vs Previous Day OHLC Combining VWAP with price action Using VWAP and OHLC on Dhan Charts Anchored VWAP on Dhan Charts Chapters: 00:00 Introduction 00:16 Important Levels for Intraday Traders 00:54 What Is VWAP? 01:18 Understanding VWAP 01:50 VWAP as Support & Resistance 01:58 VWAP & Anchored VWAP on Dhan Charts 02:06 Applying VWAP 02:15 VWAP Resistance Example 02:42 VWAP Support Example 02:58 Previous Day OHLC Explained 03:07 Previous Day High, Low, Open & Close 03:23 How Previous Day Levels Act as Support & Resistance 03:47 Previous Day Low Example 03:54 Previous Day High Example 04:01 VWAP + Previous Day OHLC 04:17 Using These Levels on Dhan Charts 04:34 Combining Levels with Your Trading Setup 05:08 Conclusion FAQs: What is VWAP? VWAP stands for Volume Weighted Average Price. It represents the average price of a security during a session, weighted by traded volume. Why is VWAP important for intraday trading? VWAP is commonly used as a reference for intraday price positioning and can act as a dynamic support or resistance area depending on market conditions. What is Previous Day OHLC? Previous Day OHLC refers to the previous session’s Open, High, Low and Close prices. What is PDH and PDL? PDH means Previous Day High and PDL means Previous Day Low. Intraday traders often monitor these levels as potential support, resistance or breakout zones. Can VWAP act as support and resistance? Yes. Price can react around VWAP, but VWAP should not be treated as a guaranteed support or resistance level. What is the difference between VWAP and Previous Day OHLC? VWAP is a volume-weighted dynamic intraday price level, while Previous Day OHLC consists of fixed reference levels from the previous trading session. Can VWAP and Previous Day OHLC be used together? Yes. Traders can study VWAP alongside Previous Day High, Low, Open and Close to understand multiple intraday reference levels. Is Anchored VWAP different from VWAP? Yes. Standard VWAP generally resets with the trading session, while Anchored VWAP begins its calculation from a manually selected point or event. Where can I use these indicators? VWAP, Anchored VWAP and Previous Day OHLC indicators shown in this video are available on Dhan Charts. #VWAP #PreviousDayOHLC #IntradayTrading #PriceAction #SupportResistance #TechnicalIndicators #DhanCharts #Dhan 📱 Download Dhan App and Start Investing & Trading in Stock Market. https://dhan.go.link/bdg4Y Disclaimer:- Investment in securities market are subject to market risks, read all the related documents carefully before investing. Raise Securities Pvt. Ltd. Registered Office: Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai - 400104. Maharashtra, India. SEBI Registered Stock Broker (INZ000006031). Member of BSE (6593), NSE (90133), MCX 56320) and CDSL Depository Participant (IN-DP-289-2016). The securities quoted are exemplary and are not recommendatory. Brokerage will not exceed the SEBI prescribed limit.