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Traders Carnival: What Moving Averages Tell You About Prices
How traders use moving averages...
26 May 2018, 03:10 PM IST
NS Fidai calls himself a trainer rather than a trader who is okay with missing good buys. In a session at the Traders Carnival, he explains how to scan charts using moving averages.
If the trend suggests that moving averages either act as a support or resistance, that is where you look at having a trade, Fidai told the participants. The 50-, 100- or 200-day moving averages indicate support when a price doesn’t fall below that level and point to resistance if doesn’t rise above it.
“You can identify a short trend if the number (moving average) is smaller,” Fidai said. “The longer number will be able to tell you about the trend in the longer term.”
Traders Carnival: NS Fidai On How To Scan Charts Fast Using Moving AveragesNS Fidai on how to scan charts fast using moving averages at Traders Carnival. #BQLive
Posted by BloombergQuint on Friday, May 25, 2018
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