BollingerBands

[timepass]

As 10 EMA crossed, so now 1st target will be middle band and by the time 20 SMA should be white else we can hold the trade for target of bottom ?

The top is flattening, while the bottom is still rising. I guess it will either bounce off the 20MA or go sideways for a while. Either way, I think it will be another 7-10 sessions before the candles move fully in the bottom zone, maybe more, if the bands flatten out (narrow range). I think that it is way too early to think of the bottom being hit so no positions should be taken in that direction.

 

[columbus]

EOD=27.2.12 ................7-month NIFTY-Spot 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.

 

[trade4joisar]

EOD=27.2.12 ................7-month NIFTY-Spot 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.

Can we consider bottom can be touched now?

But 20 SMA is still white

 

[columbus]

Can we consider bottom can be touched now?

But 20 SMA is still white

Hi t4j,

Except in early December ,in most of the cases ,from TOP band ,the
movement will be in DOWN only ,to bottom Band.Generally it will take
1 or 2 months.Last time it took 2 months to reach TOP from Bottom
(Jan & Feb-Series).

If down trend (however it small may be) continues ,we can see SMA-20
turning WHITE ,in couple of days.
If 10EMA < 20SMA, generally we can see this white turning to maroon.
As as today 10EMA=5431 and 20SMA=5385.

 

[trade4joisar]

Hi t4j,

Except in early December ,in most of the cases ,from TOP band ,the
movement will be in DOWN only ,to bottom Band.Generally it will take
1 or 2 months.Last time it took 2 months to reach TOP from Bottom
(Jan & Feb-Series).

If down trend (however it small may be) continues ,we can see SMA-20
turning WHITE ,in couple of days.
If 10EMA < 20SMA, generally we can see this white turning to maroon.
As as today 10EMA=5431 and 20SMA=5385.

White / Maroon ?

 

[columbus]

EOD=28.2.12 ................7-month NIFTY-Spot 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.

 

[trade4joisar]

EOD=28.2.12 ................7-month NIFTY-Spot 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.

Full candle below 20 SMA but still 10 EMA > 20 SMA.

Let see in next 2 sessions what happen.

 

[columbus]

EOD=29.2.12 ................7-month NIFTY-Spot 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.

10-EMA is still higher 5 points over 20-SMA.

 

[timepass]

EOD=29.2.12 ................7-month NIFTY-Spot chart
10-EMA is still higher 5 points over 20-SMA.

But in futures there's still a 20 point gap. And it has been making higher lows. Well, 20SMA isn't red yet, is it

So, I would expect the candles to play around with 20MA for 2-3 sessions more.

 

[columbus]

But in futures there's still a 20 point gap. And it has been making higher lows. Well, 20SMA isn't red yet, is it

So, I would expect the candles to play around with 20MA for 2-3 sessions more.

Yes,I agree with you ,couple of days before SMA-20 turning into Maroon,but
if a drastic fall happens (as 2 days back) , things may be different.