nifty analysis

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Good Morning. Today I am going to show you all how to use SIMPLE TOOLS and do your trading.
1. Plot SMA indicator which has any 3 SMAs in it. For example lets say 50,100,200 Smas.
2. Change the period to 12,21, 30 . Which means that 50 changes to 12, 100 to 21, and 200 to 30 SMA. Now save the changes.
3. Now look at this Daily Chart of Nifty. What do you see???? After making a Low at 15185 odd, Nifty started to Rally upwards. Look at the PINK indicator@ 12 SMA, it started moving UPWARDS as well. The Minute prices moved upwards, the 12 SMA started Bouncing off its Lows, and the Minute the 12 SMA crossed above the 21( Black colour) and the 30 SMA( Light Green colour), something very interesting happened..... PRICES NEVER WENT BACK BELOW 15185. Thereafter the 12 SMA stayed above 21 and 31 SMAs, and prices moved higher and higher and higher.
4. Now remember this, and I advise Each and Everyone of you, to do Back Testing first to see its Success/Failure %. The Longer the Time period the trade Must be termed as Positional, say hourly, daily, weekly etc. The Shorter the Time Period, say 1/2/5/15 minutes,the Trade Must be termed as SCALPING/INTRADAY.
5. This system is TRUE for each and every stock as well and holds Good.
6. As Long as the 12 stays above the 21 and 31 SMAs, its an UPMOVE. The minute the 12 breaks below the 21, and then the 31, its a Short Trade
This is just the begining of a Series of Indicators which will Help you Better your Trades. I have putup the Daily Chart just as an example to show you what happens.You should check each and every time frame to see the setups and act accordingly.
I would really appreciate if All of you ask me questions and querries. This way we are able to understand each other better and it really helps to make you all understand.
Please Remember I am NOT suggesting that any of you go out on Thursday using this indicator and make out some trades. All I am trying to do is Show you all the simple tools combined with some amount of Technical analysis will help each one of you become better traders. This is the FIRST of such tutorials.
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In a 2nd in this series of Tutorials,
1. Open your indicators, and type support resistence
2. Find Support/Resistence V2 Indicator.
3. Save it to favourites.
4. All Time frame Supports and resistences will appear for any time frame you choose .
It is a simple Auto updated indicator of Support/ Resistence based on the Supply? Demand Zones of the MArkets.
For Now understand these 2 indicators and Back Test them Both untill you are ready to Trade Live. Till then, Do MOCK PAPER TRADES
Trend Analysis

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