Uma,
Dates Quoted By Me Could Be Different Cause There Were Many Holidays Then, Now For The Rest Of What You Have Mentioned, I Will Need To Check On It, Data I Have Is From Yahoo.
Happy & Safer Investing
SavantGarde
Dates Quoted By Me Could Be Different Cause There Were Many Holidays Then, Now For The Rest Of What You Have Mentioned, I Will Need To Check On It, Data I Have Is From Yahoo.
Happy & Safer Investing
SavantGarde
Savant Sir,
With respect to the above explanation givern by you as quoted above I have this query:
You say 20 Day MA crossed over 50 Day MA on 5-4-09 and CMP on that was 101.55 and High was 103.15. The cross over actually happened on 9-4-09. The CMP & High you referred were on 2-4-09, npty on 5-4-09. On the crossover day the CMP(Close) was118.95 and High was 122.8.
For calculation of SL and target you mentioned SL of 77.50 being the Close of the day when the previous 50 Day MA crossed over 20 Day MA. This cross over has happened on 30-1-09. But the CMP on that day was 96.55. The CMP of 77.50 which you mentioned was actually on 20-02-09 much later than the croiss over day.
I have these data from NSE EOD prices. So, there is a vast difference between the prices you have given and the actual prices. I want to know whether there was a mistake or whether I have not understood the concept of 20 DMA/50 DMA cross over.
Please explain at your convenience.
Thanks
*** Uma ***
With respect to the above explanation givern by you as quoted above I have this query:
You say 20 Day MA crossed over 50 Day MA on 5-4-09 and CMP on that was 101.55 and High was 103.15. The cross over actually happened on 9-4-09. The CMP & High you referred were on 2-4-09, npty on 5-4-09. On the crossover day the CMP(Close) was118.95 and High was 122.8.
For calculation of SL and target you mentioned SL of 77.50 being the Close of the day when the previous 50 Day MA crossed over 20 Day MA. This cross over has happened on 30-1-09. But the CMP on that day was 96.55. The CMP of 77.50 which you mentioned was actually on 20-02-09 much later than the croiss over day.
I have these data from NSE EOD prices. So, there is a vast difference between the prices you have given and the actual prices. I want to know whether there was a mistake or whether I have not understood the concept of 20 DMA/50 DMA cross over.
Please explain at your convenience.
Thanks
*** Uma ***