Nifty positional analysis via moving average

Aug 15

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

Aug 15

Note

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

Aug 15

Note

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

Aug 15

Note

currently mkt stuck between 20 ema and 50 ema

Aug 15

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

Aug 16

Note

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

Aug 16

Note

finally day close above ema 20 so its a positional buying

Aug 17

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

Aug 26

Note

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

Aug 29

Note

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

Sep 20

Note

1400 point profit

Sep 26

Note

1850 point profit running

Oct 3

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at top level nearly 2000 point profit

Oct 21

Note

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

Oct 30

Trade closed: target reached

trade closed