Model charts showcasing patterns

[pkjha30]

Hi Mohan

Looks like MCLEOD Russel is in bollinger squeeze. Ready for jump? Any Comments. MACD and Moving average crossover indicates the same.


Pankaj

 

[mohanlate]

Will do.

Thanks,

Mohan

 

[cashgen]

Hello Mohan and Others,

I am keen on seeing some examples of Double Top sell and Double Bottom buy signals from Bollinger bands.

Thanks in advance

 

[mohanlate]

Hi Mohan

Looks like MCLEOD Russel is in bollinger squeeze. Ready for jump? Any Comments. MACD and Moving average crossover indicates the same.


Pankaj

HI Pankaj,

MCLEOD Russel was in a bollinger squeeze. It broke out at 61.80. Its a great HOLD. May not be the best time to get in. You can wait for a correction. Remember, if on the breakout, the price crosses the +2D standarard deviation line, then it is going to come back inside. On the retracement if it crosses 20DMA, we may see a trend reversal. MACD is looking good. Let it turn a good positive. 50DMA is good for long term. A 20,50 DMA crossover may not work for short term. Remember the rule - Don't buy up into a major moving average or sell down into one.

Thanks,

Mohan

 

[kgsirasangi]

Mohan,

Very good thread -highly informative, educative and useful.
Look forward to more such things.
regards.

 

[mohanlate]

Mohan,

Very good thread -highly informative, educative and useful.
Look forward to more such things.
regards.

Thanks kgsirasangi.

Regards.

 

[mohanlate]

Hello Mohan and Others,

I am keen on seeing some examples of Double Top sell and Double Bottom buy signals from Bollinger bands.

Thanks in advance

Hi Cashgen,

I will post an example as soon as I come across one. Meanwhile we watch the ones that have broken out of the squeeze. And see if they generate a Double Top Sell signal.

Thanks,

Mohan

 

[cashgen]

Thanks Mohan. Will keep a watch.

Meanwhile, INDUSIND bank seems to be getting squeezed in Bollinger.

 

[pkjha30]

HI Pankaj,
Remember the rule - Don't buy up into a major moving average or sell down into one.

Thanks,

Mohan

Hi Mohan

Thanks for your elaborate reply.
Whether it is a long term buy at these levels or a correction is round the corner?
Regards
pankaj

 

[VICKY_SEEKINGINR]

Hi Mohan

Thanks for Teaching with examples.
A Normal person can understand it. like me..

Thanks for sharing ur experience