3 stocks likely to get on a hot streak
Historically traders have been using moving averages to generate buy and sell signals on stocks. Moving averages are often used in trending markets where the best trading opportunities are obtained as compared to the sideways market wherein whipsaws or false signals are generated.
Buy/Sell signals based on a crossover:A buy signal is generated when a bullish crossover occurs i.e. the short term moving average crosses the long-term moving average, popularly referred to as a golden cross. For example, when the 89-day EMA crosses above the 200-day EMA, a bullish trade can be initiated.
Click Here For Free Trial :-Buy/Sell signals based on a crossover:A buy signal is generated when a bullish crossover occurs i.e. the short term moving average crosses the long-term moving average, popularly referred to as a golden cross. For example, when the 89-day EMA crosses above the 200-day EMA, a bullish trade can be initiated.
Price
|
89 Period EMA
|
Action /View
|
Technical Term
|
Trading Above 200EMA
|
Crosses above 200EMA
|
Bullish
|
Golden cross
|
Stocks
|
89day EMA
|
200day EMA
|
Crossover
|
Tata Power
|
80.40
|
80.70
|
Golden cross
|
IDFC Limited
|
58.60
|
60.10
|
Golden cross
|
JSW Energy
|
72.80
|
74
|
Golden cross
|
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