Steve Holt

Steve Holt If you don't plan to hold a stock for 10 years, don't hold it for ten minutes.

SBI Card & Payment Services has been in downtrend since a long time.It is now trading at major supports levels once agai...
11/03/2024

SBI Card & Payment Services has been in downtrend since a long time.

It is now trading at major supports levels once again.

A long position can be made at current levels for trading/investment purpose around 700-710 as risk : reward is very good at CMP.

SL can be 680.

Targets for trading purpose can be - 745 & 765.

For Investment, Targets can be - 770 - 840 & 920.

For investment purpose, I will not be surprised if it gets 2x or more from here in next 2 years.

Bollinger Bands are a widely used technical analysis tool traders rely on to gauge market volatility and identify potent...
10/03/2024

Bollinger Bands are a widely used technical analysis tool traders rely on to gauge market volatility and identify potential entry and exit points. Developed by John Bollinger in the 1980s, they provide a simple yet effective method to analyze price trends and determine potential movements.

In this post, we'll cover the fundamental concepts of Bollinger Bands, including how they work and how you can use them to your advantage. This post will also lay the groundwork for future posts about more advanced topics on Bollinger Bands.

Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of trading!

What are Bollinger Bands?
Bollinger Bands are composed of three lines that are plotted on a price chart. The first line is a simple moving average (also known as the basis line), and the other two lines are standard deviation lines, one located above the SMA and the other below it.

When plotted, the SMA appears at the centre of the chart, flanked by the upper and lower bands. The width of the bands is determined by market volatility; the bands will expand as volatility increases and contract as volatility decreases

Components of Bollinger Bands

08/03/2024

N-shaped daily limit strategy: A set of stock selection strategies in which the stock price rises in the early stage and the stock price forms an "N" shape. Just like the "N" shape, what is pursued is the strength of the sudden rise and another sharp rise after the market washes out. The adjustment time in the middle of the N shape should not exceed 3-4 days! If it is an offensive Changyang, the total adjustment period shall not exceed 5 days. .

A simple summary is: skyrocketing + rapid correction + skyrocketing again! There was a daily limit in the early stage, and after a few days of adjustments, another daily limit appeared.

Based on the rising wedge bearish pattern. If it cannot break above the upper trend line, it is quite weak. Furthermore,...
08/03/2024

Based on the rising wedge bearish pattern. If it cannot break above the upper trend line, it is quite weak. Furthermore, upward momentum will be very slow for the time being. Below I state the higher levels with the help of Fibonacci extensions, but if somehow it breaks the lower trendline. After breaking through the main support level of 22,000 points, a rapid move will occur. The middle support level of the Bollinger Band is also 22,000 points, and it can also rebound from the main trend line support level. Just like the 4th time it popped out before. However, this rebound is highly unlikely.

This is also a long-term view of at least 2-6 weeks. Complete the analysis in a time frame of 2 hours to 4 hours to understand the bigger picture.

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