Charts shows that buy signal which started on 6th July remains valid till now without breaking the trailing stop loss line, And the current trailing stop loss
lines near the 5432 zone. Long Should be reversed only if nifty fails to sustain below 5432.
Rajandran R Follow
Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
NMA Buy/Sell Signal Update for Nifty
9 sec read
HI Raj,
Can you please share that what Parameters you have set for this NMA Signal on Daily Charts.
I’ve set it to 2.5 / 20
I even modified to 2 / 20 & 2.75 / 20 — but none of above is giving 5432 as ATR..
Pls comment.
Many Thanks. 🙂
Absihek… I use two sets of parameters for NMA charts one is 2,20 and the other one is 1.75,10
Which one is the above one — d one on the chart displayed..??
I’m not getting 5432 on Daily charts with any of the said parameters..
🙂
Iam using 2,20. But here entry is good and exit is little bit difficult
Ya.. that is..
Is it advisable to use 1.75 / 10 on Hourly Charts to get good results..??
sir ,
which all TA indicators are taken into consideration to get nma signals .
and which indicators to take for taking postnal trade in stock options .
tx in adv