NIFTY 5 DAY 5 MIN: NF FOUND IT DIFFICULT TO CROSS THE TREND LINE WHERE IT FACED RESISTANCE .MACD(Moving Average Convergence Divergence):MACD GAVE SHORT SIGNAL TWICE.
- WHEN NF WAS AT 4919.70 THE MACD SIGNAL LINE (RED LINE) GAVE CROSSOVER OF MACD LINE (GREEN LINE) AS MARKED WITH AN ARROW AFTER WHICH IT REACHED 4867 AT LOWEST POINT
- WHEN NF WAS AT 4867.45 THE MACD SIGNAL LINE GAVE CROSSOVER OF MACD LINE AS MARKED WITH ARROW AFTER WHICH IT MADE DAY LOW OF 4838
NOTE: MACD IS CONSIDERD AS LAGGARD INDICATOR
I HAVE TAKEN =
AVG PERIOD : 9
SHORT PERIOD: 9
LONG PERIOD : 24
ALL THE INICATORS ARE IN SIMPLE MOVING AVERAGE
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