DLF:
Daily Charts:
- Observation on daily chart, the trade is happening outside bollingar band, as per my observations the script has to come within the band before next upmove till then it will consolidate, 162 level will be big support in long run. In shorter run the support will be around 170.7 based on 15mins chart and 168.1 based on hourly charts. MACD and RSI shows small reversal left before next upmove based on 15min and 1hour chart
Relcap:
Daily Charts:
- Based on day chart shows uprun will be extended, with support being at 614 levels. On 15 mins support will be at 623 and hourly chart support will be at 616. RSI is in tradeble zone on daily candle.
Lastly 5 min chart has broken supertrend which can test 621 levels by today.
And my bollingar band observation worked in DLF:)
ReplyDeleteTrainer in making :) Good Work !!
DeleteThank you for posting your analysis. I have a few queries.
ReplyDelete1) Which website is used to create the charts shown.
2) If price moves beyond Bollinger bands, does it always hurries back in ?
3) Is the above mentioned Bollinger band principle useful for intraday trading ?
4) Default Bollinger band values are length=20 & multiplier=2. What are ideal values for intraday trading.
Thank You.
1.i used kite, browser version of zerodha
Delete2.As i observed it has to come within range of the band, it may stretch beyond band when huge buying or selling happens due to news or policies
3. Yes it is useful for intra, from my experience i have followed an paid analyst he gives calls once it breaks band with huge volume.
4. Will check and revert