NIFTY Index Chart Analysis : TREADING A VOLATILE PATH
Paul Tudor Jones, one of the greatest traders of all time and a money manager, in an interview with Tony Robbins, was asked as to how he determines a trend. He replied, “My metric for everything I look at is the 200-day moving average of closing prices.” The 200-DMA is a great defensive tool to know when to get out of a position. It is also the last line of defence in an uptrend before the probabilities shift to a downtrend beginning.
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