harshit777
Long

GO-LONG~EMA~KAMA~SUPPORT

NSE:SUNPHARMA   SUN PHARMACEUTICAL
I have used EMA and KAMA lines here.
By using EMA line, I can get the better idea about price movement rather than using SMA && by using KAMA line I can avoid noise.
here in this chart time frame is of 60 min, EMA (20) & KAMA (14,5,30).
You can see here, whenever the EMA line crosses the KAMA line the trend changes.
My recommendations here is to go long in SUN PHARMA .
1. it has already corrected about 120 rs .(from 680 to 560).
2. in daily time frame there is a strong support level around 560.
3. the EMA line just crossed the KAMA line.
Have a long position and enjoy the profit.
thank You!
Comment: first target will be 614.
Comment: i learned one thing....dont do trades when results will come in near future.
sometimes it can change the trend ...

Comments

What is KAMA? I am new and do not have any idea about KAMA.
+1 Reply
harshit777 sharewasi
@sharewasi,

visit->stockcharts.com

firstly I'm also new to this field having about 6-8 months experience.

KAMA is an adaptive moving average.it is mainly used to avoid noise (corrections).it shows you the real trend direction.

you will see, when there is noise in the main trend it will run far from the candles and as the momentum increases it will come closer to the candles.

you can know more about KAMA on the above-given website.

Thank You!

Reply
sharewasi harshit777
@harshit777,
Thanks for the explanation. Harshit Sir.
Reply
harshit777 sharewasi
@sharewasi, dont call me sir .i'm a student
Reply
sharewasi harshit777
@harshit777,
Which other site provide KAMA moving averages on the charts? Trding view and investing .com do not provide the same and site Stockcharts do not provide charts of NSE.
Can you please help out?
Reply
harshit777 sharewasi
@sharewasi, i'm only using tradingview for creating ideas so i can tell you about that...

in trading view currently i'm using KAMA from a public library.

Reply
sharewasi harshit777
@harshit777, Thanks for the efforts.
Reply
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