BUY WHEN PRICE BOUNCES FROM BOTTOM BOLLINGER BAND (GREY LINES) AND STOCHASTICS CROSSES FROM BELOW 20 (%K ABOVE %D). KEEP SL BELOW RECENT SWING LOW OR KEEP SL OF PARABOLIC SAR DOTS. POSITIVE EMA CROSSOVER CONFIRMS THE ENTRIES. EXIT WHEN RSI OR W%R BECOMES OVERBOUGHT OR USE TRAILING SL. WHEN PRICE IS WELL BELOW THE 200 MA, SHORT WHEN PRICE BOUNCES FROM TOP BOLLINGER BAND (GREY LINES) AND STOCHASTICS CROSSES FROM ABOVE 80 (%K BELOW %D). KEEP SL BELOW RECENT SWING HIGH OR KEEP SL OF PARABOLIC SAR DOTS. NEGATIVE EMA CROSSOVER CONFIRMS THE ENTRIES. EXIT WHEN RSI OR W%R BECOMES OVERSOLD OR USE TRAILING SL.



Chart courtesy: Yahoo Finance
Bank Nifty 1 Day Chart

Bank Nifty 1 Day Chart With Different Moving Averages And Slow Stochastics
When 3 minutes EMA is above 13 minutes EMA and 13 minutes EMA is above 34 minutes EMA it is an uptrend. Vice versa for a downtrend. When EMAs are conflicting it denotes a sideways market. 200 minutes MA slope denotes the longer term trend. If 200 minutes MA is rising, long term trend is up, vice-versa for a down-trend


Bank Nifty 5 Days Chart For Swing Trading

FOR SWING TRADING BUY WHEN 70 MINUTES EMA CUTS ABOVE 1030 MINUTES EMA. ALSO LOOK FORWARD TO A POSITIVE DIVERGENCE (PRICE MAKES LOWER LOW AND INDICATORS MAKE HIGHER LOW) IN MACD OR STOCHASTICS FOR GREAT ENTRIES. EXIT IN NEGATIVE DIVERGENCES (PRICE MAKES HIGHER HIGH AND INDICATORS MAKE LOWER HIGH) OF MACD OR STOCHASTICS OR EXIT IN REVERSE EMA CROSSOVER. FOR SWING TRADING SHORT WHEN 70 MINUTES EMA CUTS BELOW 1030 MINUTES EMA. ALSO LOOK FORWARD TO A NEGATIVE DIVERGENCE (PRICE MAKES HIGHER HIGH AND INDICATORS MAKE LOWER HIGH) IN MACD OR STOCHASTICS FOR GREAT ENTRIES. EXIT IN POSITIVE DIVERGENCES (PRICE MAKES LOWER LOW AND INDICATORS MAKE HIGHER LOW) OF MACD OR STOCHASTICS OR EXIT IN REVERSE EMA CROSSOVER.

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