It takes average of the price for the duration we want.
So 10 days moving average means an average price of 10 days closing price.
Common types of Moving Average:
Simple, Exponential, Weighted.
Use only one type in your trading setup.
2/10
#IEX (daily chart)
— Yash Mehta (@YMehta_) May 27, 2021
Setup:
~ 50 ema support
~Fibonacci 23.6% support
The latest candle is a hammer and sort of bullish reversal candle.
CMP: 352.7
Looking good for upside with stop loss 342.
.@chartmojo .@Arpit1223 pic.twitter.com/dOE7aB7uJH
Taking this Intraday trade for today's expiry
— Yash Mehta (@YMehta_) February 2, 2023
Selling Nifty 17700 CE and Nifty 17500 PE
One can hedge it by buying OTM options to reduce margin or can go naked selling.
Stoploss: 17450/17750
Combined Premium of selling is 43 points pic.twitter.com/ga3hIoVTPC