- 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...