General Trading Chat

TraderRavi

low risk profile
@tp , I was playing for 15EMA touch as , not touched for so many candles. But If nifty gaps down then 15EMA will come down and touch 27th mar candle , then it will be a case of cheating , is not it ?
same with banknifty chart.

315.png
 
@tp , I was playing for 15EMA touch as , not touched for so many candles. But If nifty gaps down then 15EMA will come down and touch 27th mar candle , then it will be a case of cheating , is not it ?
same with banknifty chart.

View attachment 41239
No, 15ema for 29th won't come down, the future candles will have a different value for 15ema. But the time for 15ema is near as per the market correction strategy. A gap UP will result in 15ema touch, not gap DOWN.

The 3 bullet RSI divergence has given rich dividends, but maybe it has played out. IMO, the sideways period will respect the Fib levels now.

1585577256586.png
 

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