dear man

the 50 DMA of NTPC is 174 and it is now 173 is this a indicator of short-term downtrend / uptrend and also for

for ICICI 50 DMA is 655 and the stock is at 652 now.

thanks

ram

50 DMA is usually used for medium-term signals and not short-term signals.

A stock below 50 DMA can be considered to be in medium-term downtrend, but one has to look at the overall price structure before making a decision.

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I also look at direction of 50 EMA, which is very important!

If it curves down, medium term trend is down! and if it curves up, trend is up!

I also pay attention if it is below 200 EMA then it is very bearish!

As it becomes self fulfilling prophecy because all big DADDIES of technical analysis/ traders, institutional groups watch it!