- A simple moving average (SMA) calculates the average of a selected range of prices, usually closing prices, by the number of periods in that range.
- A simple moving average is a technical indicator that can aid in determining if an asset price will continue or if it will reverse a bull or bear trend.
- A simple moving average can be enhanced as an exponential moving average (EMA) that is more heavily weighted on recent price action.
- ON EICHER MOTOR chart sma indicates bullish reversal momentum
- my trading plan is
- buy above 2662
- S.L: 2555
- TARGET :2770
Hi,
Click the below link for more details about the moving average.
https://www.youtube.com/watch?v=CIMjXcBiZrA