EMA Trading Technology - For Intraday Or Swing Trades

S

sdebu_2000

Active Member
#11
#11
indrajit_16 said:
One stock that has blasted today after crossing 5 DMA in intraday trading is ABB. It has closed above its 5 DMA. Watch it on Monday for long play with a stop 1 tick below the 5 DMA. The EOD chart of ABB is attached below.



A few stocks that have performed well as per the 5 EMA technique is Sunpharma, ACC and Maruti. Readers can have a look in the EOD charts . Your comments are welcome.

Regards,

Indrajit
Click to expand...
Nice work Indrajit,
But One question does RSI for 2 period support long entry for ABB? (as per ur strategy).Please elaborate.Thanx in advance
Debdulal
 
I

indrajit_16

Member
#13
#13
Debu,

One limitation of auto-generated icharts images is always RSI-2 figure is not accurate. I am sorry, should have mentioned it earlier. Pls use auto generated figures for RSI trend and reconfirm RSI-2 value in icharts charting page or in ur charting software. Still RSI-2 in ABB is 87.01. So it is a good buy now too.

Regards,

Indrajit
 
I

indrajit_16

Member
#15
#15
Friends,

As Karthik the moderator is not allowing me to share the link of the auto generated page, which unfortunately is in my blog, so u r requested to do ur own exploration for this 5 EMA technique. U can do so in icharts or in any good charting software.

Regards,

Indrajit
 
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