5 EMA Weekly Trading Strategy can be basically used for positional traders who trade on weekly data and do not care of daily volatility in Nifty.
RULE 1: Below 5 EMA we are in a bearish Scenario and SL is closing above 5 EMA
RULE 2:Above 5 EMA we are in Bullish scenario in Short term and SL is closing above 5 EMA
As you can see in above Chart Nifty taking support at 5 EMA and bouncing back.So we need to keep 5 EMA as SL for all our Long
As per last week closing 5210 is 5 EMA so we need to keep 5210 on closing basis SL for all our longs.
Now to add more strength to our system I have added 2 more Indicator 5 EMA Low and 5 EMA High which if comined with oscillator can give profitable trades and helps in identifying are 3 types of market ie. Bearish,Bullish and Range-bound.
1. Trading Above 5 EMA High we can except the trend to be up support at 5 EMA high. Close below 5 EMA High we can take short with positions tgt as 5 EMA Low.
2. Trading below 5 EMA Low then price is expected to be trend lower with resistance at 5 EMA Low.
2. Trading in between 5 EMA Low and 5 EMA High trend is expected to be range bound between 5 EMA High and 5 EMA Low with resistance at 5EMA High and support at 5 EMA Low
As you can see in above charts there are many profitable trades that were excecuted, i would like to add that no system is 100% perfect and need to trade with SL for all trades
Trading is a game of Perseverance,Patience and managing Risk.
To get High and Low EMA values you can Take Charts from www.icharts.in
WHERE CAN I GET NIFTY FUTURE INTRADAY CHARTS.
CAN YOU HELP ME
Please visit these website to get Nifty Intraday chart http://niftyrtcharts.blogspot.com/
For more Charts http://www.brameshtechanalysis.com/charts/
I am willing to use your LINKS given above for NIFTY and CASH market. But its not working. Any specific reason for not working?
Please use the link given below to access Nifty Charts.
DEAR BRAMESH SIR
YOU BLOGS ARE MINDBLOWING HATS OFF SIR
GOD BLESS YOU SIR
Thanks a lot
I am using your below link to see online nifty chart with different indicator it is helping a lot to take call on nifty on intraday and positional basis, from yesterday it is not working any reason.
It’s Working now 🙂
Can you help me with the details of institution
where I can learn Nifty Trading and also is there
any Demo account available for Nifty Trading.
Thanking you in advance.
It is always refreshing to read your blog.
Thanks Satya for ur admirable comments
Yeah Indicators are fixed,and there are many trading system displayed on the blog.
If you want to stop auto-refresh u can download the charts on ur system
Thank you very much for sharing the URL.
It looks like Indicators are fixed here and i can not change it. Any idea how i could change the Indicators (i am looking for an Customer based chart).
Also how to stop the Auto Refresh here
Thanks in advance
How to see this chart in real time. iCharts is showing only EOD
Please use this site to see RT Charts
where shall I get nifty 5EMA HIGH AND 5EMA LOW CHART.
you can use icharts.in to get 5 EMA high low charts of Nifty and Stocks