BollingerBands

[columbus]

EOD=28.10.11 ................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]

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 ?

Timepass,

Bit delay in shifting from TT.2.0 to TT2.1.

 

[timepass]

So, another candle out of the band. Let's see where the consolidation takes it.

 

[Thakur PG]

I have observed that BB with RSI works well for long term.

 

[columbus]

I have observed that BB with RSI works well for long term.

HI Thakur,

BB+RSI works well for LONGTERM
BB+RSI+stochastics ,good for INTRADAY.

 

[columbus]

EOD=31.10.11 ................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]

Consolidating the gap... to prevent slippage maybe , and waiting for the bands to catch up.

 

[columbus]

EOD=2.11.11 ................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=3.11.11 ................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=4.11.11 ................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.