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Example Showing How to Trade with Bollinger Band
Back to Bollinger Bands
Suggestion/Feedback
Example Used Here for Case Study is ITC Ltd.
The chart below is of ITC Ltd for a period from 7th April to 30th June.
The band are expanding with the High
Volatility
and
Volume
also above average shows
Trend
reversal.
At point A the price gets
Resistance
from upper Bollinger Band.
It crosses the middle Bollinger Band and at point B it gets
Support
from lower Bollinger Band.
At point G also it gets support from lower Bollinger Band.
The price moves up with good volume and at point C the price gets the resistance of upper Bollinger Band.
At point D the price crosses the upper Bollinger Band with heavy volume, and expanding the Bollinger band giving a good buy signal.
The price after staying above the upper Bollinger band comes down after few sessions.
At point E and F it further gets resistance. Point E and F can be profit booking points.
Our Website provides
free Stock Screening Reports
on Support/Resistance By Bollinger Bands at:
Related Technical Stock Screener
Price Above Bollinger Bands
Price Below Bollinger Bands
Price Cross Above Middle Bands
Price Cross Below Middle Bands
Narrowing Bollinger Band
Narrowing Bollinger Band Break Out
Narrowing Bollinger Band Break Down
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