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DATE: 20th September, 2024
TRADE LOGIC: EMA Crossover strategy along with MACD confirmation.
Indicators used:
1. Moving Average Exponential (EMA) {Length: 9} [Brown line]
2. Moving Average Exponential (EMA) {Length: 15} [Purple line]
3. MACD {Fastlength: 15, Slowlength:21, Signallenth:9}
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Escorts gave a closing above 15EMA on previous trading session. The 9EMA crosses 15EMA from downward to upward direction suggesting a bullish momentum.
After 30 mins of opening, once the stock given a retest and manages to close above the high of first 30 mins, trade initiated on next candle with the SL below the EMA. Followed SL trailing until the MACD crossover came from upward to downward direction suggesting a trend change or sideways momentum now.
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Stock given a rally from 3893 to 4097 (204 points)
Good trade captured with a RR ratio- 1:4.5
š”š¢š§š: This is only for Educational Purpose and no further Trading recommendations on this stock. Please manage your Risk Reward to grow your wealth
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