I have been following the simple technique of Daily EMA Crossover for my long & short trades-especially for Trading NIFTY& BANK NIFTY
-Choose 15 Min Timeline
-Plot 4EMA viz 10/20/50/100
-Initiate long Trade when 10DEMA decisively crosses above all other DEMA Viz 20/50/100-which is known as Golden cross over
-Similarly initiate short trades while the 10DEMA cuts below all other moving averages viz.20/50/100-Death Cross over
By following the above simple technique we will be able to make good profits as well exit at the optimum levels.
If you go thru the recent NIFTY Chart its quite evident that even when NIFTY was trading at 22400 levels,10DEMA Cross over below other DEMAs on 11th March generated the 1st sell signal.
Decisive 10DEMA Cross over below 20/50/100 DEMA on 13th March,2024 while NIFTY was trading at 22340 levels confirmed the downfall.Had you initiated a sell signal at this signal its an easy 500 Points profits within a span of 5 days-Isnt it a decent profits ?Trade with levels and follow the trend always.If you feel its of use may send a thank note.Happy Trading(ONLY FOR EDUCATIONAL PURPOSE ONLY)
-Choose 15 Min Timeline
-Plot 4EMA viz 10/20/50/100
-Initiate long Trade when 10DEMA decisively crosses above all other DEMA Viz 20/50/100-which is known as Golden cross over
-Similarly initiate short trades while the 10DEMA cuts below all other moving averages viz.20/50/100-Death Cross over
By following the above simple technique we will be able to make good profits as well exit at the optimum levels.
If you go thru the recent NIFTY Chart its quite evident that even when NIFTY was trading at 22400 levels,10DEMA Cross over below other DEMAs on 11th March generated the 1st sell signal.
Decisive 10DEMA Cross over below 20/50/100 DEMA on 13th March,2024 while NIFTY was trading at 22340 levels confirmed the downfall.Had you initiated a sell signal at this signal its an easy 500 Points profits within a span of 5 days-Isnt it a decent profits ?Trade with levels and follow the trend always.If you feel its of use may send a thank note.Happy Trading(ONLY FOR EDUCATIONAL PURPOSE ONLY)