Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty Weekly View using 5 EMA(high-Low) Principle

18 sec read


 

Applying 5 EMA(High-Low) Principle to weekly charts we could found that 5EMA(High) is near 5103 which indicates that 5103 could act as resistance levels. As the trading week is going to end by tommrow nifty failing to break the resistance levels and closing below 5103 is likekly gonna bearish and could target the first zone of 4900. Nifty failing to close above 5103 clearly indicates that medium term trend has turned down. Nifty resistance zone for tommorow is 5080-5100 levels.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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