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

#Tatasteel
Remain cautious:
From 1050, the 5th wave seem to be unfolding.
As long as it holds "1275", it can continue to move higher.
A daily close below 1315 would arrest it's uptrend in ST.

#Bajfinance
Interesting week t/f #Elliottwave Above 8000, big upside
Day t/f -ve div; No sell yet till below 7545 DCB
Follow last rise retrace @ 7028 (50%) in coming days
No.1 stock in NBFC - a test case following in coming days

Application on what is learnt today fm @vivbajaj

Why does a stock not go up or sustain gains despite "Day" Trend indicator (Macd) displays +ve div & moves higher ?
Why does another stock with similar Macd set up go up & sustain it's gain & even makes ATH
What is being missed here?
How to choose a stock that will sustain gains ?

Oftentimes, in our rush to study many stocks, we miss the most important & "elementary" factor.

A simple one, "IF" not taken seriously, we end up with a stock that promises but does not deliver and miss the one that has the potential.

Know this & you'll be on the winning side🙂

Why ?
Always give weightage to "higher t/f".
Here, when you look at a Day chart, check to see what the week says.
#Hdfc week says, it's weak, trending down & below the trigger.
So does, #nifty50
When week Macd is down & below trigger, Day Macd being up will have not much impact.

How ?
When you give weightage to "higher t/f" & then look at Day chart, you align with higher force
#Tataconsum week says, it's strong, trending up & above the trigger
So does, #Tatasteel
When week Macd is up & above trigger, Day Macd being up will align with higher divine forces

Give weightage to "higher t/f" & then look at Day chart, aligning with higher force
When week Macd is up & above trigger, Day Macd being up will align with higher force
Following list(out of 50 being followed) shows strong, trending up, Neutral & Weak, trending down
Choose wisely

How's this Trading system (#supertrend in 5 minute t/f) doing
Buy @ 16220 @ 11.25AM
High now @ 16336

Everyday there is "1 Good trade"
Did you make it ??