The 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The price level in a market that coincides with the 200 SMA is recognized as a major support when price is above the 200 SMA or resistance when price is below the 200 SMA level.
Why is the 200 SMA so common for traders and analysts?
200 SMA is Widely followed by everyone. Markets react strongly in relation to it partially just because so many traders and analysts attach so much importance to it.
Nothing to Explain more about it, because everyone knows about 200 Sma.
Let's Look at MRF price Action Around 200 SMA. There Are Many Wild Moves In MRF TYRE LTD Around 200 SMA.
MRF TYRE LIMITED From Low of 401 In 2001 To High of 81400 in 2018. 81400 ( up by 20300% in 17 Years)
"This Dude Is the Only One Who Knows How To Use Rubber, While We Just Use and Flush"
Let Look at the Price & 200 Sma History Since 2000 to till date.
2015-2016
2013-2014
2011-2012
2009
2007-2008
2005-2006
2004-2005
2003-2004
2001-2002-2003
Why is the 200 SMA so common for traders and analysts?
200 SMA is Widely followed by everyone. Markets react strongly in relation to it partially just because so many traders and analysts attach so much importance to it.
Nothing to Explain more about it, because everyone knows about 200 Sma.
Let's Look at MRF price Action Around 200 SMA. There Are Many Wild Moves In MRF TYRE LTD Around 200 SMA.
MRF TYRE LIMITED From Low of 401 In 2001 To High of 81400 in 2018. 81400 ( up by 20300% in 17 Years)
"This Dude Is the Only One Who Knows How To Use Rubber, While We Just Use and Flush"
Let Look at the Price & 200 Sma History Since 2000 to till date.
2015-2016
2013-2014
2011-2012
2009
2007-2008
2005-2006
2004-2005
2003-2004
2001-2002-2003
