BollingerBands

[columbus]

EOD=1.3.12 ................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=1.3.12 ................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.

So at last 10 EMA below below 20 SMA, bearish signal, 1st target will be bottom right ?

 

[columbus]

EOD=2.3.12 ................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.

If a day is DOWN and next day it is UP ,then colour change may not happen
quickly.Please bear in mind the scenario ,in JAN'12 ,when colour change at
cross- over took a bit time,even though ema10<sma20.

 

[columbus]

EOD=5.3.12 ................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.

 

[columbus]

EOD=6.3.12 ................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.

 

[columbus]

@ Timepass,

Some problem with 5-Mar file ??????????

 

[timepass]

@ Timepass,

Some problem with 5-Mar file ??????????

Sorry, I saw your msg a bit late.

 

[trade4joisar]

EOD=6.3.12 ................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.

20 SMA became maroon today but lower band touched & it is turned down.

So bounce from lower band?

 

[columbus]

20 SMA became maroon today but lower band touched & it is turned down.

So bounce from lower band?

Difficult to say.Consider a situation,where candles are sandwitched between
Lower BB and 10-ema.We can see the same situation as the begining part of
the chart.(Aug-Sept'11).Certainly it calls for a Caution.

 

[timepass]

and the bands are still widening, on both the sides now.