Nifty Price action analysis based on Bollinger band
This analysis is an attempt at using a simple Bollinger Band tool to work out the probability of price action
in the coming week.
Do comment on the analysis. In my view keeping trading simple is the key to consistent success.
Sometimes making it complex gives the wrong or confusing signals.
in the coming week.
Do comment on the analysis. In my view keeping trading simple is the key to consistent success.
Sometimes making it complex gives the wrong or confusing signals.
Note
Aug 7th: We could be looking for a 500 to 700 point reversal soon after the super 2000
point rally
Aug: 14th - The Nifty didn't take the expected reversal and has marched on. Are we looking at 18000+ now, this looks highly probable. US charts supporting this view too
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.