EMA Bounce / Test
Price dips to a rising moving average and closes back above it — the trend’s riders defending their line.
In a trend, widely-watched EMAs (20, 50, 200) act as dynamic support: pullbacks tend to pause there because trend-followers add positions at the average.
A bounce = the bar pierces the EMA intraday but closes back on the trend side. A close that STAYS below a rising EMA, instead, is the first warning the trend is tiring.
The 200-EMA is the most-watched line in the market; the reaction there is always information.
Third and fourth tests of the same EMA weaken it — support wears out with use.
Analysis only: Supath AI does not give investment advice. Consult a SEBI-registered financial advisor before making investment decisions.