Trading using Bollinger Band

[ Saturday, October 1 | 0 comments ]
In Continuation with Previous Article Introduction to Bollinger Bands
Bollinger Band Trading Strategies
  • Bollinger Bands to identify tops and bottoms
  • Trend Following
  1. Bollinger Bands to identify tops and bottoms

Bollinger Band can be sued to identify potential tops and bottom in the stock/ETF. Following 3 points should be kept in mind to identify potential tops and bottom
  • A trending price move beyond the upper band
  • A pullback towards the middle of the Bollinger Bands
  • Another move higher (past the previous price high) but not closing above the upper end of Bollinger Bands
A Bollinger Band top signals losing momentum in an uptrend. It is important to remember that closing prices are more important when using Bollinger Bands to understand the signal.

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Nifty forms double bottom, Will it hold after RBI Policy

 As discussed last Analysis   As we have Weekly Monthly and Quarterly closing bears will like to see Nifty close below 8518 and bears bulls will like a close above 8656. Close below 8518 can see fast move towards 8476/8434. Bullish on close above 8656 only. Nifty made a low of 8555 forming double bottom and also protecting 8518 on

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Bank Nifty October Series Outlook

 As discussed in Last analysis    As seen in below charts, break of 19096 can see fast fall towards 18846 and 18500 in short term. Bullish only on close above 19450 only.  Low made was 19085 and we saw quick recovery, but Bulls are not out of woods, Bulls need a close above 19451 for target of 19732/19811. Only on close above 19811 Bank nifty can move towards 20000/20212/20571. Any close below
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Where learning ends, beginning of practice happens and that is transformation !!

[ Friday, September 30 | 0 comments ]
A young martial artist kneeling before the Master Sensei in a ceremony to receive a hard-earned black belt. After years of relentless training, the student has finally reached a pinnacle of achievement in the discipline. "Before granting the belt, you must pass one more test," says the Sensei.
"I am ready," responds the student, expecting perhaps one final round of sparring.
"You must answer the essential question: What is the true meaning of the black belt?"
"The end of my journey," says the student. "A well-deserved reward for all my hard work."
The Sensei waits for more. Clearly, he is not satisfied. Finally, the Sensei speaks.
"You are not yet ready for the black belt. Return in one year."
A year later, the student kneels again in front of the Sensei.
"What is the true meaning of the black belt?" asks the Sensei.
"A symbol of distinction and the highest achievement in our art," says the student.

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Ashok Leyland Jet Airways Bank India Supply Demand Analysis


Ashok Leyland


Positional Traders can use the below mentioned levels

Close below 76 Target 70

Intraday Traders can use the below mentioned levels

Buy above 76 Tgt

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