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1. Moving Average is a technical indicator.
2. It basically avoids the daily price fluctuations and gives a smooth reading of the prices.
3. I have taken the 21 day Moving Average because it represents a months time.
4. Basically the thumb rule is when the price quotes above the Moving Average in the trending zone it is bullish and vise verse.
5. As regards the non trending areas it is not advisable to use the Moving Average to predict the price.
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Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
FEDERAL BANK – BEARISH ENGULFING October 17, 2019
Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
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Hi,
Nice work!…. Click the below link for more details about moving average.
https://www.youtube.com/watch?v=CIMjXcBiZrA
Thank you.