BRIGADE- MOVING AVERAGE
MOVING AVERAGE IS A TECHNICAL INDICATOR. IT IS SMOOTH CURVE SHOWING THE TREND. MOVING AVERAGE LINE IS LIKE A MAGNET. IT ATTRACTS IF THE PRICES WHEN IT MOVES AWAY FROM IT AND REPELS WHEN IT COMES NEAR IT. THIS MAY HAPPEN IN EITHER DIRECTION. THIS HAS TO BE USED IN COMBINATION WITH OTHER ANALYSIS USING OTHER THEORIES AND PATTERNS. THIS IS A SUPPORTING INDICATOR. THIS WORKS ONLY DURING TRENDING PERIODS AND DOES NOT WHEN PRICE MOVES SIDEWAYS. DURING SIDEWAYS MOVEMENT RSI CAN BE MADE USE OF.
PLEASE REFER THE CHART. AT THE BULLISH POINT WHERE PRICE CROSSES THE MOVING AVERAGE LONG POSITION CREATED.
ENTRY PRICE – RS. 280
STOP LOSS -RS. 268
TARGET PRICE – RS. 292
