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
Catatan
Disclouser : I am not a Certified registered analysistthis is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade
Catatan
any related query allow me to answerif this idea is use full
like and share also follow and comment your thought about this analysis
Catatan
currently mkt stuck between 20 ema and 50 ema Catatan
and this uptrend is completely turned in to negative if ema 20 cross down ema 50Catatan
mkt behaves as per expectationstill price in between ema 20 and ema 50
Catatan
finally day close above ema 20 so its a positional buying Catatan
as mkt crossing ema 20 successfully and closed above so nowany small intraday dip near ema 20 is a fresh buy
Catatan
650 point profit running as per analysis mkt is in buying mode if 20 ema crossing
Catatan
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
Catatan
1400 point profit Catatan
1850 point profit runningCatatan
at top level nearly 2000 point profit Catatan
mkt enters in to corrective phase be cautious and strict with stop losssTrading ditutup: target tercapai
trade closed
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.