What is basing candle and how it can be used? Can you throw some light as I am also using sharekhan
its is nothing but the candle creating base(s/r) and from their demand or supply started. there is nothing unique about trade tiger other than its tie up with ota so. they have developed tools to trade as per supply/demand analysis, OTA way and its effective if somebody pursue it seriously as thn you are buying low and selling/shorting high.
you can do the same analysis in other software provided you have knowledge about ota style of trading.
p.s i have learnt the stuff couple of years back on my own (like most of us) but not using it as it does not sync with my style/temperament of trading