Nifty positional analysis via moving average

١٥ أغسطس ٢٠٢٤

Hello dear trading viewers
presenting to you

a Nifty positional analysis via moving average

in current scenario market taking
support @ 50 ema and resistance is 20 ema,


positionally its a absolutly sideways,
no trade untill mkt not closing beyond any side
either above 20 ema or below 50 ema

as previously mkt taking support at 200 ema
at the election result day

so if closing below 50 ema than the next target is 200 ema

and closing above 20 ema than the next target is fresh new life high

١٥ أغسطس ٢٠٢٤

ملاحظة

Disclouser : I am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade

١٥ أغسطس ٢٠٢٤

ملاحظة

any related query allow me to answer

if this idea is use full
like and share also follow and comment your thought about this analysis

١٥ أغسطس ٢٠٢٤

ملاحظة

currently mkt stuck between 20 ema and 50 ema

١٥ أغسطس ٢٠٢٤

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and this uptrend is completely turned in to negative if ema 20 cross down ema 50

١٦ أغسطس ٢٠٢٤

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mkt behaves as per expectation
still price in between ema 20 and ema 50

١٦ أغسطس ٢٠٢٤

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finally day close above ema 20 so its a positional buying

١٧ أغسطس ٢٠٢٤

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as mkt crossing ema 20 successfully and closed above so now
any small intraday dip near ema 20 is a fresh buy

٢٦ أغسطس ٢٠٢٤

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650 point profit running
as per analysis mkt is in buying mode if 20 ema crossing

٢٩ أغسطس ٢٠٢٤

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950 point profit running
as according to this analysis that buy above 20 ema crossing
i told that if 20 ema crossing upside than mkt test new life high so its happend

٢٠ سبتمبر ٢٠٢٤

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1400 point profit

٢٦ سبتمبر ٢٠٢٤

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1850 point profit running

٣ أكتوبر ٢٠٢٤

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at top level nearly 2000 point profit

٢١ أكتوبر ٢٠٢٤

ملاحظة

mkt enters in to corrective phase be cautious and strict with stop losss

٣٠ أكتوبر ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

trade closed