NIFTY-50 (15Min ) If you play Intraday then indicator helps lot

Yes, that's absolutely true. Indicators are a valuable tool for intraday traders because they help analyze market trends, identify potential entry and exit points, and manage risk. They can assist in identifying overbought or oversold conditions, momentum shifts, and even volatility levels, all of which are crucial for making informed decisions within the same trading day.

Trend Analysis:
Indicators like moving averages help traders identify the overall direction of a price movement, which is essential for determining potential trading opportunities.

Momentum Measurement:
Oscillators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) Oscillator help traders gauge the speed and change of price movements, allowing them to identify potential reversals or continuations.

Identifying Overbought/Oversold Conditions:
Indicators like RSI and Moving Average Convergence Divergence (MACD) Oscillator can signal when a security is potentially overbought or oversold, providing insights into potential price reversals.

Confirming Signals:
Combining multiple indicators can help traders confirm their trading decisions and reduce the likelihood of false signals, especially in the fast-paced environment of intraday trading.

Moving Average Convergence Divergence (MACD): Identify trend changes and momentum.