Read about "#Bollingerbandstartegy" here.
Read again till you understand the logic fully of a "Moving avg (13Sma) & its upper & lower band" mechanism and then,
Apply on charts of your short listed stocks and understand how the trades/ investments would have worked -back testing
Bollinger band has been a trusted guide with the settings of 13sma & 2 std deviation. Add to it 5 & 8 smas and it works in all time frames.
— Van Ilango (JustNifty) (@JustNifty) September 29, 2020
Start from week & Day for investments; Hour & 5 minute for intraday.
Experiment initially; you'll still need other tools to read the mkt\U0001f600\U0001f64f pic.twitter.com/yEkHiDHiha
More from Van Ilango (JustNifty)
IF #Nifty to go to 18850-19713 & more, heavy weights such as
#Hdfc (3190++)
#Hdfcbank (1724++)
#Reliance (2834++)
#ITC (274++) these are "just min. targets"
& many more would move up significantly
@rlnarayanan https://t.co/iVYE1F7l6v
#Hdfc (3190++)
#Hdfcbank (1724++)
#Reliance (2834++)
#ITC (274++) these are "just min. targets"
& many more would move up significantly
@rlnarayanan https://t.co/iVYE1F7l6v
#Nifty 3rd is sub-dividing as in chart:
— Van Ilango (JustNifty) (@JustNifty) October 13, 2021
[1]st: 16396 - 17793 = 1397
[2]nd: 17793-17948-17453 - Irregular flat
[3]rd: 17453+1397=18850 OR
: 17453+1928=19381 OR
: 17453+2096=19549 OR
: 17453+2260=19713 OR
Nothing wrong in projecting till holds "17990"
Sometimes extreme volatility brings prices below 21Sma briefly
OR, it just moves between 13 & 21 & move higher
Channel bottom comes around "17300"- no guarantee that every time it touches the channel bottom
Patience pays
IF you miss a trade, wait for the next
They always come🙂🙏 https://t.co/CfVFhgbFxl
OR, it just moves between 13 & 21 & move higher
Channel bottom comes around "17300"- no guarantee that every time it touches the channel bottom
Patience pays
IF you miss a trade, wait for the next
They always come🙂🙏 https://t.co/CfVFhgbFxl
Is it better to buy when price below ema 21 ?\u2026 as SL will be less
— TaksJ (@TaksJoh) February 16, 2022