NSE:HINDPETRO
All About 200 DMA. How to use it to take Mid/Long term trade.
1) What is 200DMA?
It is simple technical analysis tool that is and average of daily close price of last 200days/candles. It is used to smooth out the price and it will remove the intraday fluctuation noise.
200DMA --> 200 Daily Moving Average
2) 200DMA is the one of the main...
YESBANK saw rejection at its 200 Day Moving Average (200DMA green line), yet again. Every time the price of the stock has hit its 200DMA from below, we have seen bullish rejection and the price has followed through on the bearish side. Today we saw another rejection at the 200DMA. Low risk short can be initiated here with stop loss above the 200DMA for price to...
