BollingerBands

[columbus]

EOD=19.10.11 ................7-month NIFTY chart

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

 

[timepass]

A goodly number of candles are above S20, aren't they, Columbus ? What is the probability of them shifting downwards ?

 

[columbus]

A goodly number of candles are above S20, aren't they, Columbus ? What is the probability of them shifting downwards ?

Hi timepass,

If the story that Europe economy is in very bad shape ,retesting of SENSEX @15K is possible, the answer to your Second question is Affirmitive.Today I accumulated SHORTS.

 

[timepass]

... the story that Europe economy is in very bad shape .............

and some equally encouraging remarks from our esteemed Finance Minister too. I think that Banknifty can look forward to some glad days.

 

[columbus]

EOD=20.10.11 ................7-month NIFTY chart

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

 

[columbus]

EOD=21.10.11 ................7-month NIFTY chart

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

 

[timepass]

10 MA is white again !! and uptrending..

 

[columbus]

EOD=24.10.11 ................7-month NIFTY chart

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

 

[columbus]

EOD=25.10.11 ................7-month NIFTY chart

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

 

[timepass]

Columbus, a lot of us would love to learn how to interpret and play the bollinger bands. Could you give an analysis of the day's candle and overall interpretation of the chart along with your daily posts ?