Supertrend signal changed to sell for these 3 Nifty 50 stocks
By Roshni Agarwal, ETMarkets.com |
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Trend Tracker
Supertrend indicator helps traders by giving a relatively precise buy or sell signal in a trending market. As per the StockEdge data, these 3 Nifty50 stocks signalled a ‘sell’. Remember, the default value used for ATR or average true range is 10 days and the multipli
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SuperTrend Indicator
The indicator, which is plotted on price, helps determine the current trend. The indicator is constructed using just 2 parameters — period and multiplier. Furthermore, the indicator makes use of the ATR to compute its value, and signals the degree of price volatility.
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When is a sell call signalled via the SuperTrend indicator?
In a case when the indicator's value closes above the price and when the SuperTrend colour changes to red.
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Bajaj Auto: SELL
Supertrend: 4824.84| Change after: 51 days| Close as on June 19: Rs 4597.35| Change: -1%
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Hero MotoCorp:SELL
Supertrend: 3003.6| Change after: 51 days| Close as on June 19: Rs 2782.6| Change: -1.8%
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Eicher Motors: SELL
Supertrend: 3735.08| Change after: 47 days| Close as on June 19: Rs 3496.65| Change: -1.2%