Few days back Reliance share was split and the next day the price came down. The Futures charts when added the 100 EMA and 200 EMA the charts are not shown properly for couple of days. This was observed for 3 Min, 15 Min, 30 Min and 1 Hr chart. The candles were not shown properly after adding these EMAs. The chart structure was seen properly only after the price was above these EMAs. Recently the YesBank prices also split as 5:1 and the chart structure again disturbed for this script as well. The Reliance-EQ price was adjusted since the beginning and there the price shown on the chart was consistent. However YesBank-EQ prices were not adjusted. I use the EMA crossover strategy to take the position while trading.
It is getting difficult when the stocks split like this. Can anyone please tell how to decide the strategy when in this scenario?
After stock split the 50 EMA, 100 EMA and 200 EMA doesn’t work on Reliance and Yesbank futures chart
It will work if you will use it on adjusted chart.