Swing Trade Set UPA simple, Swing Trade Set UP. Often it is simple trade setup that make lots of money. This is one such set up. Here trend is captured with alignment of MA's . 3 MAs are plotted EMA-10, EAM-21 and SMA 50. To pick the trend, first condition is EMA-10 > EMA-21 > SMA 50. Second condition is price above all these MAs. In the chart it is marked wherever this occurred.
Now to make entry you have to wait till the stock out performs the Index. It can be captured through plotting a indicator named RS or Relative strength. use Bench mark index as #NIFTY50 or #CNX500.
You can see that there are areas where MAs aligned but RS was negative and trend failed. But when all these aligned price moved up nicely. You can exit the trade on deceive break of EMA 21 or SMA 50.
Try this on many charts and lean the nuance before making actual trade.
