NIFTY - 5-minutes Candle Chart (Auto Updated Every 3 Seconds)

Chart Reading Tips:

When 10 minutes EMA is above 34 minutes EMA it is an uptrend. Vice versa for a downtrend. When EMAs are conflicting it denotes a sideways market. 200 minutes MA slope denotes the longer term trend. If 200 minutes MA is rising, long term trend is up, vice versa for a down-trend. Keep Stoploss below recent swing low or keep Stoploss of Parabolic- SAR dots. Positive EMA crossover confirms the entries. Exit when RSI becomes overbought or use trailing Stoploss.



7 comments:

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