Presenting the Price structure of some Top Traded Shares at NSE. The structure is gauged through long term Moving Average alignment of 50 and 200dma .
Moving Averages are lagging in nature but definitive Indicators as they are derived directly from Prices and hence represent the function of Price better than any other Indicator .Bullish alignment is when 50 dma is above the 200dma and Bearish is vice versa.
RELIANCE
SBIN
INFOSYS
TATA STEEL
TATAMOTORS
ICICIBANK
HDFC
DLF
IFCI
SUZLON
UNITECH
Just an observation, that there is a further room for fall in the Index owing to the factor that few Blue Chips with good weightage are yet to touch their 200dma prices or the bearish cross is nearing .
Moving Averages are lagging in nature but definitive Indicators as they are derived directly from Prices and hence represent the function of Price better than any other Indicator .Bullish alignment is when 50 dma is above the 200dma and Bearish is vice versa.
RELIANCE
SBIN
INFOSYS
TATA STEEL
TATAMOTORS
ICICIBANK
HDFC
DLF
IFCI
SUZLON
UNITECH
Just an observation, that there is a further room for fall in the Index owing to the factor that few Blue Chips with good weightage are yet to touch their 200dma prices or the bearish cross is nearing .
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