BollingerBands

[columbus]

Nifty up to 29.5.15

 

[columbus]

Nifty up to 5.6.15

 

[columbus]

Nifty up to 12.6.15

 

[timepass]

Lower BB pierced finally, but not yet with a bar of the other color.

There's the divergence on RSI which needs to be kept in mind.

 

[columbus]

Hi timepass,

Thanks for posting a good chart.

On EOD graph ,Bollinger Band trading looks very easy, but it is challenging.

Often booking profits EARLY is seen.(Marked.1)

Sometimes difficult to take decision.

Sometimes wrong trades ,are initialized. (Marked 2 & 3)

So ,it is advisable to use another indicator also.

 

[timepass]

Hi timepass,

Thanks for posting a good chart.

On EOD graph ,Bollinger Band trading looks very easy, but it is challenging.

Often booking profits EARLY is seen.(Marked.1)

Sometimes difficult to take decision.

Sometimes wrong trades ,are initialized. (Marked 2 & 3)

So ,it is advisable to use another indicator also.

Yes, the lesson seems to be that simply cutting of the BB isn't enough, one should also wait for the indicator to come out and sustain below the overbought / oversold zone.

 

[columbus]

Nifty up to 19.6.15

 

[columbus]

Nifty up to 26.6.15

 

[columbus]

Nifty upto 3.7.15

 

[columbus]

After January ,a strong UPMOVE was seen ,but how long it lasts ,has to be
seen.IIP data will be out on 10.7.15.