BollingerBands

[columbus]

EOD=27.5.11 ................7-month NIFTY chart



Basically there are 2 lines in chart , 20-SMA in (WHITE+GREY) colours and
10-ema in BLUE colour.In bullish conditions 20SMA will in White colour and
bearish condition it will be in Grey colour.Blue colour line decides the mometum of market, mostly.

 

[munde_77]

Could you please explain what to do in this current situation

It is above 10 ema and below 20 sma . The grey line will turn if market moves above 20 sma. We can buy small quantity now and add if market moves above 20 SMA. Is it correct.

 

[columbus]

Could you please explain what to do in this current situation

It is above 10 ema and below 20 sma . The grey line will turn if market moves above 20 sma. We can buy small quantity now and add if market moves above 20 SMA. Is it correct.

Hi munde,

You are exactly correct.These have not crossed and there appears to be
40~50 points gap.There is likelyhood of Bullish crossover ,but this is not
established YET.This is true ,especially so in the light of market behaviour
in the month of March ,where we saw plenty of WHIPSAWS.

 

[munde_77]

Columbus ,R u native of Andhra. Your location shows as you live in Hyderabad

 

[columbus]

Columbus ,R u native of Andhra. Your location shows as you live in Hyderabad

Kakinada of Andhra ,but presently in Hyderabad.

 

[munde_77]

Kakinada of Andhra ,but presently in Hyderabad.

I have been in Kakinada for two years. I know many rice mill owners in East Godavari District. Do you know any big rice miller there in east godavari district

 

[kvram]

dear columbus please change the colour of 10 ema blue to another color ,so that visibility is good ,thanking you for your cotribution.

 

[columbus]

EOD=30.5.11 ................7-month NIFTY chart



Basically there are 2 lines in chart , 20-SMA in (WHITE+GREY) colours and
10-ema in VIOLET colour.In bullish conditions 20SMA will in White colour and
bearish condition it will be in Grey colour.Violet colour line decides the mometum of market, mostly.

 

[timepass]

Lower tops and lower bottoms clearly seen.

 

[columbus]

EOD=31.5.11 ................7-month NIFTY chart



Basically there are 2 lines in chart , 20-SMA in (WHITE+GREY) colours and
10-ema in VIOLET colour.In bullish conditions 20SMA will in White colour and
bearish condition it will be in Grey colour.Violet colour line decides the mometum of market, mostly.

Cross-Over is spotted.