Nifty positional analysis via moving average

15 Ogo

Hello dear trading viewers
presenting to you

a Nifty positional analysis via moving average

in current scenario market taking
support @ 50 ema and resistance is 20 ema,


positionally its a absolutly sideways,
no trade untill mkt not closing beyond any side
either above 20 ema or below 50 ema

as previously mkt taking support at 200 ema
at the election result day

so if closing below 50 ema than the next target is 200 ema

and closing above 20 ema than the next target is fresh new life high

15 Ogo

Nota

Disclouser : I am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade

15 Ogo

Nota

any related query allow me to answer

if this idea is use full
like and share also follow and comment your thought about this analysis

15 Ogo

Nota

currently mkt stuck between 20 ema and 50 ema

15 Ogo

Nota

and this uptrend is completely turned in to negative if ema 20 cross down ema 50

16 Ogo

Nota

mkt behaves as per expectation
still price in between ema 20 and ema 50

16 Ogo

Nota

finally day close above ema 20 so its a positional buying

17 Ogo

Nota

as mkt crossing ema 20 successfully and closed above so now
any small intraday dip near ema 20 is a fresh buy

26 Ogo

Nota

650 point profit running
as per analysis mkt is in buying mode if 20 ema crossing

29 Ogo

Nota

950 point profit running
as according to this analysis that buy above 20 ema crossing
i told that if 20 ema crossing upside than mkt test new life high so its happend

20 Sep

Nota

1400 point profit

26 Sep

Nota

1850 point profit running

3 Okt

Nota

at top level nearly 2000 point profit

21 Okt

Nota

mkt enters in to corrective phase be cautious and strict with stop losss

30 Okt

Dagangan ditutup: sasaran tercapai

trade closed