Nifty
Cmp 10451
Observations
- 20 hr EMA is currently above 50 hr EMA
- 50 hr EMA has acted as the make or break level for confirmation of trend continuation or trend reversal
- Nifty is trading in blue channel since September 2017 & is currently at lower end of the channel
- however what looks more important here is to see if or not there is a cross over of 20 hr EMA below 50 day EMA happening
- this is a passive & not a pro-active indicator but as can be seen from the charts, previous 2 crossovers have given 4.5% - 6% movements after confirmation
Keep a close watch & look for Chart confirmation...
Take care & safe trading...!!!
Cmp 10451
Observations
- 20 hr EMA is currently above 50 hr EMA
- 50 hr EMA has acted as the make or break level for confirmation of trend continuation or trend reversal
- Nifty is trading in blue channel since September 2017 & is currently at lower end of the channel
- however what looks more important here is to see if or not there is a cross over of 20 hr EMA below 50 day EMA happening
- this is a passive & not a pro-active indicator but as can be seen from the charts, previous 2 crossovers have given 4.5% - 6% movements after confirmation
Keep a close watch & look for Chart confirmation...
Take care & safe trading...!!!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.