Nifty and Bank Nifty 90 min charts are in buy mode with supports coming around 5320 and 10387 resectively. Reverse to postional shorts only if it breaks on the 90 min charts.
Rajandran R Follow
Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
Nifty and Bank Nifty 90 min charts for 16th Aug 2012 Trading
6 sec read
What this sometimes red bar or green bar indicates in stock livecharts bottom area.
it is not according to the red/green supertrend line, sometimes it is different than the lines. when this line red also the below bar showing green.
That’s why cannot able to understand about it. what is it and how to interpret this into the charting / trading.
Hi Sonu Verma,
Its called iTrend Ribbons to protect from sideways movement. More info read here
Now iTrend Ribbons on our Live Charting Section