traderaju

MACD+VWAP+EMA - Buy Strategy

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traderaju Updated   
NSE:INFY   INFOSYS LTD
Timeframe: 1H

MACD CROSSOVER must happen in OVERSOLD zone only i.e below 0 line
CANDLE ABOVE VWAP is good signal but not necessary
200 EMA LINE shows whether stock is uptrend or downtrend
RISK MANAGEMENT: Must take trade with 2:1 Target/SL ratio
Check Volume too if it's in your favor

DON'T TAKE TRADE IF NOT SURE
Comment:
If Below 200EMA:
MACD CROSSOVER must happen in OVERSOLD zone only i.e below 0 line

If Above 200EMA:
MACD CROSSOVER can happen anywhere since it's uptrend

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