JSWSTEEL

ANALYSIS

The stock price of has closed above the 200 moving average And if today a stock price closes above the 50 exponential moving average, it would be a buying signal Now, let us understand the indicators 200 moving average acts as a very important support and resistance, and whenever the share price crosses the 200 moving average, it indicates buying or selling. In technical analysis, we call it as crossover of moving averages Basically, crossovers of moving averages are of two types First, when the share price crosses any moving average and The second one is when one moving average crosses another moving average having a different period We will discuss it further in another post with an example.