BollingerBands

[columbus]

As far as appearance of Bar chart and Candles are concerned , they do differ.
Have a look at the post 1843 and prev/next to it in August-Septembar
regions. (These are Candle and Bar charts respectively.)

 

[timepass]

Trading near the average .. so much upside still 10MA is not white !!

 

[columbus]

EOD=07.12.11 ................7-month NIFTY-Future 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]

Sure, the bands are narrowing, but the top is coming down much faster, and the bottom is still hovering around 4600.

Date............BOUpper..BOLower..BB Width
07-Dec-11	5319.85	4612.67	707.18
05-Dec-11	5362.17	4595.4	766.77
02-Dec-11	5396.57	4584.04	812.53
01-Dec-11	5424.34	4576.21	848.13
30-Nov-11	5458.74	4574.57	884.17
29-Nov-11	5498.28	4586.51	911.77
28-Nov-11	5537.7	4603.97	933.73
25-Nov-11	5546.22	4626.61	919.61
24-Nov-11	5532.47	4679.85	852.62

 

[columbus]

EOD=08.12.11 ................7-month NIFTY-Future 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]

Support at 20MA

 

[columbus]

EOD=09.12.11 ................7-month NIFTY-Future 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]

still not white... resistance @20MA

 

[columbus]

still not white... resistance @20MA

Hopeful about SMA-20 turning WHITE ,till 2 days back.But in last 2 days
market moved down ,very badly.

 

[timepass]

There's some similarity with June.