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...
It breaks a multi year resistance zone 332-339, with a 7.5% big bullish candle along with high volume .
A good swing for short to mid term period.
Buy price : 340-350
Stop Loss : 321
with a minimum target of 388.
55 EMA crossed 200 EMA on weekly chart which is also a good sign
Disclaimer : This analysis/strategy is only for educational purpose and not be...
Wave 3 extended 161.8% of wave 1, and we can see a powerful rally in an extension of wave 5.
Hind Petrol Futures can hit the following targets before Oct end.
Target 1: 352
Target 2: 389
Target 3: 400
Where can we enter? The following rules can help you get the perfect entry.
A. Upper band of the parallel channel at 290 .
B. High of 3rd wave at 312 .
1) On 15min time frame, we can see there is hidden bullish divergence is formed. As price is making higher lows and RSI is making lower lows.
If tomorrow it sustain above 300 level then we can see upmove.
Please refer below chart : 15 Time Frame.
Breakout of a consolidation phase.
The breakout happened with good volumes.
Coming back for a retest.
Support from 200 Day Exponential Moving Average.
Good opportunity to enter a long position.
* Educational purpose only *
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Analysis basis :
1. On a daily time frame we have seen a good multizone breakout, hence buy bias.
2. We came down to 4H time frame to check for accumulation zone and confirm with a double pattern breakout.
Suggestion : Aggresive entry (25%) now + Safe entry (75%) after zone break
I have personally invested...
Note: This is for educational purpose only. Please do not trade F&O in this.
There seems to be a bullish breakout in play. The breakout is happening from last 52 week resistance. There seems to be a breakout is RSI as well. RSI at 69 indicates bullish momentum. Moreover, the breakout is happening post build up near resistance which is a sign of strength.
Sell 232-235, SL is marked with the red line and targets with a black line. If the stock opens above 238 or breaks 238 within 30 mins from the market open time, then avoid this trade.
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InvestPro India Team