BOLLINGER BANDS

HOW TO ANALYSE BOLLINGER BANDS ?

NIFTY 18.07.10

WEEKEND EDITION :


NIFTY WEEKLY CHART :


BOLLINGER BANDS : NIFTY FACED RESISTANCE AT 5450 WHICH IS THE UPPER END OF THE BOLLINGER BANDS ( PINK ARROW) 


ON PREVIOUS OCCASION ALSO NIFTY HAS FACED RESISTANCE AT UPPER BAND (DIAMONDS ) 


SUPPORTS:  5345 ,5325,5310

NIFTY 13.07.10

I AM POSTING VIDEO ABOUT HOW DIVERGENCES IN RSI CAN USED TO PREDICT THE MOVEMENT OF MARKET

NIFTY 11.07.10

 

"WEEKEND EDITION"

NIFTY WEEKLY  CHART :


RELATIVE STRENGTH INDEX(RSI):( FROM 10/06/09 TO TILL DATE)


 THERE ARE 2 POSSIBILITIES

1 ) BEARISH DIVERGENCE : AS SEEN FROM THE ABOVE CHART  NIFTY HAS BEEN MOVING UP  ACCOMPANIED BY FALL IN RSI , WHICH IS MAKING LOWER HIGH

THUS  THIS IS  AN INDICATION THAT WE COULD SEE A FALL IN  THE MARKET IN NEAR FUTURE


2 )TRENDLINES: RSI IS FACING RESISTANCE AT THE UPPER TRENDLINE  , WHICH IS VERY IMPORTANT TO BREAK IN ODER FOR IT TO MOVE HIGHER FROM HERE


IF THIS TRENDLINE IS BROKEN ON THE UPSIDE THEN 5475 AND 5500 ARE THE NEXT POSSIBLE TARGETS

NIFTY 09.07.10

NIFTY DAILY CHART :

" FLAG BREAKOUT ":  NIFTY HAS  FINALLY GIVEN A BREAKOUT FROM THE FLAG PATTERN AT 5300  WITH GOOD VOLUMES( THUMPS UP)  AND CLOSED AT 5352

BOLLINGER BANDS : NIFTY HAS RESISTANCE AT 5360 - 5370 WHICH IS THE UPPER BAND LEVEL

LEVELS TO WATCH OUT  :
RESISTANCE : 5370 ,5382 , 5396

NIFTY 08.07.10

"TOLD YOU SO": NIFTY  IS STILL IN THE RANGE OF 100 POINTS  BETWEEN 5200 TO 5300 
  
NIFTY TODAY MADE A HIGH OF 5320 WHICH WAS THE UPPER LEVEL MENTIONED IN MY PREVIOUS POST 

NIFTY DID BREAK THE UPPER TRENDLINE AT 5307  AND MADE HIGH OF 5320 BUT WAS NOT ABLE TO SUSTAIN  THESE LEVELS AND CLOSED AT 5296 WHICH IS AGAIN INSIDE THE CHANNEL


"DMA" : FOR LAST 3 CONSECUTIVE DAYS  INCLUDING  TODAY NIFTY HAS TAKEN SUPPORT AT 20 EMA  WHICH IS ACTING AS GOOD SUPPORT

NIFTY 02.07.10

NIFTY DAILY CHART :


CHANNEL:  NIFTY IS MOVING IN DOWNWARD SLOPING CHANNEL WITHIN  TIGHT RANGE OF 100 POINTS  


THE DOWNSIDE SUPPORT FOR THIS CHANNEL IS 5210 - 5200
THE RESISTANCE IS AT 5300  - 5320


DMA :NIFTY  HAS  SUPPORT AT 20 DMA  AT 5215 WHICH IS AT THE LOWER TRENDLINE