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Discussion in 'Technical Analysis' started by manjeetsingh250187, Jun 21, 2014.

  1. manjeetsingh250187

    manjeetsingh250187 New Member

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    Left lower band, touching 20 day average, Is it a good call to buy with a target of 30?
     

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    manjeetsingh250187, Jun 21, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Left upper band and not lower.
     
    shabbir, Jun 21, 2014
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  3. manjeetsingh250187

    manjeetsingh250187 New Member

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    Talking about the last candles, it is leaving lower band and touching to 20 day moving average..
     
    manjeetsingh250187, Jun 21, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    Completely my mistake of misreading it. You are right it is leaving lower band. I just missed the dotted lines.
     
    shabbir, Jun 21, 2014
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  5. manjeetsingh250187

    manjeetsingh250187 New Member

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    So in such cases should we go for buy, or should we wait till it reach to upper band?
     
    manjeetsingh250187, Jun 21, 2014
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  6. shabbir

    shabbir Administrator Staff Member

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    Just using Bollinger bands is not recommended and try to find the support and resistance using price action and then use bollinger band as an added indicator.

    For me support is around 18 which makes the ROI too steep.
     
    shabbir, Jun 21, 2014
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