Vinod,
Tried to log into my sysem, but it is down for maintenance. So am posting a chart that Snake.head posted in my thread. This is the chart of JK Cement. You will note that the MA is sloping upwards. Both the 1st and the 2nd touch, the price bounced off from this MA. Here, would like to add that there is no 'Holy Grail' MA. Though I use 20 SMA. One could use 20 EMA as well - In some cases one MA would be better, but would be offset in some others.
Tried to log into my sysem, but it is down for maintenance. So am posting a chart that Snake.head posted in my thread. This is the chart of JK Cement. You will note that the MA is sloping upwards. Both the 1st and the 2nd touch, the price bounced off from this MA. Here, would like to add that there is no 'Holy Grail' MA. Though I use 20 SMA. One could use 20 EMA as well - In some cases one MA would be better, but would be offset in some others.
DSM,
eagerly waiting to brief explanation with any chart 'll easy to track.
Regards,
VINOD. RPS
eagerly waiting to brief explanation with any chart 'll easy to track.
Regards,
VINOD. RPS