BollingerBands

[columbus]

EOD=3.1.12 ................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.

 

[columbus]

EOD=4.1.12 ................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]

Narrowing, S/R @20MA, still not white but soon some candles have to move above the middle line. Seriously comparable with June scenario.

 

[columbus]

EOD=5.1.12 ................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.

 

[columbus]

EOD=6.1.12 ................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.

 

[columbus]

EOD=9.1.12 ................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]

BB width approx. 250... very narrow. In recent times whenever the bands have narrowed so much, they have only broken on the downside. Also, nifty seems spoiling to make an "M" .. let's see.

 

[columbus]

BB width approx. 250... very narrow. In recent times whenever the bands have narrowed so much, they have only broken on the downside. Also, nifty seems spoiling to make an "M" .. let's see.

Hi TP,

Good observation.One DAILY charts ,it appears as if we made a BULLISH
crossover ,but on WEEKLY charts ,the story is entirely different, NO CROSS
AT ALL and bearish bias continues.

 

[timepass]

and there is a barely discernible bearish divergence on the daily..

BUT, the weekly stochs appear to be moving up and have an open mouth, and the 20MA seems to be turning green.

All in all, I guess the volatility will continue, with both the ends being tested on the daily.

 

[timepass]

Upper BB tested today.. 20MA changing color.