Hi all,
Can somebody help me in calculating the expecting NF price close today which makes it touch the 3EMA? Is it possible to calculate this without taking the help of charts based on cmp of NF and last 3EMA?
Please clarify.
Regards,
...summasumma
Can somebody help me in calculating the expecting NF price close today which makes it touch the 3EMA? Is it possible to calculate this without taking the help of charts based on cmp of NF and last 3EMA?
Please clarify.
Regards,
...summasumma
There are 2 possible values at which 3EMA can touch candle today.
First :- This is the 3EMA value of y'days closing price. Try putting this in the Close value of today's candle and see what pops up as today's 3EMA.
Second:- This is rather dynamic and is based upon the highest value of today's Price. See my below post for details.
Actually, you can calculate it "dynamically". 3EMA value is based on the Closing value which during the day is the Last Traded Price.
Anyways, In the morning I had 2 values when 3EMA will kiss the Candle.
--> First was at Price 5090 when Price would be equal to 3 EMA . This was possible if Market Opens Higher than 5090 (Very difficult) or If Market Opens lower than the candle (When we cover the Shorts) and market keeps on Rising to touch 3 EMA (At this time we again Enter Shorts i.e. Booked Profit and continuing our ride on the oscillator).
This is EASY and discussed a lot. This is what exactly we did yesterday.
--> Second was 5010 when Price will be less than 3 EMA(3EMA value will be 5050). This was possible if Market Opens lower than the candle (When we cover the Shorts) and market keeps on Going down so that the 3EMA value starts coming down and touches the point (or a bit below) where Candle Opened. The question was, in this case at what point do you Enter Shorts?
Anyways, In the morning I had 2 values when 3EMA will kiss the Candle.
--> First was at Price 5090 when Price would be equal to 3 EMA . This was possible if Market Opens Higher than 5090 (Very difficult) or If Market Opens lower than the candle (When we cover the Shorts) and market keeps on Rising to touch 3 EMA (At this time we again Enter Shorts i.e. Booked Profit and continuing our ride on the oscillator).
This is EASY and discussed a lot. This is what exactly we did yesterday.
--> Second was 5010 when Price will be less than 3 EMA(3EMA value will be 5050). This was possible if Market Opens lower than the candle (When we cover the Shorts) and market keeps on Going down so that the 3EMA value starts coming down and touches the point (or a bit below) where Candle Opened. The question was, in this case at what point do you Enter Shorts?