Rajandran R FollowCreator 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
Simple 5 EMA weekly strategy for Friday
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Let keep it simple in gauging the trend. I'd taken 5 EMA strategy to gauge the overall trend.
Simple 5 EMA strategy –
1)Candle closing above 5 EMA is bullish with supports at 5 EMA
2)Candle closing below 5 EMA is bearish with resistance at 5 EMA
Applying 5 EMA strategy to Nifty 1 year Weekly Charts we could find that currently nifty closed
below 5 EMA after a long time with resistance near 4292 zone. As the week is about to end 4292
levels should be keenly watch. A close above 4292 denotes still bulls are under control. Else weakness
to witness in coming sessions.
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Rajandran R FollowCreator 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
Nifty week end review on daily and 90 min timeframe and Nifty Option Details
One Reply to “Simple 5 EMA weekly strategy for Friday”
Your observation on nifty 5 day ema support is very infrmative. If I had known and followed your 5 day ema, I would have made lot of money. Thank you for sharing the info with everyoneregardshkreddy
Your observation on nifty 5 day ema support is very infrmative. If I had known and followed your 5 day ema, I would have made lot of money. Thank you for sharing the info with everyoneregardshkreddy