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🚫 Power Of Exponential Moving Averages ( EMA )🚫

NSE:BANKNIFTY   Nifty Bank Index
πŸ”΄ The exponential moving average (EMA) is a weighted moving average that assesses the bullish and bearish trends in a securities over a specified time frame. The EMA can be used to predict the direction of future prices and is used in trading to identify whether a security's price is rising or falling.πŸ”΄
🟒 11 EMA - Strong Momentum
🟒 21 EMA - Dynamic Support & Resistance
🟒 51 EMA - Long Term Support & Resistance
🟒 101 EMA - First Hurdle Between 50 & 200 EMA
🟒 201 EMA - Last Line Of Defence

🚫 Disclaimer 🚫 All information shared here is for educational purposes only, Please consult your financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you make.

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