[E] The Bollinger Bands Indicator - IIIIf price reaches the upper band, this means it is relatively high and the asset could be overbought. You could look to sell an overbought asset on the assumption that its price will fall towards moving average.
Conversely, if price reaches the lower band, this means it is relatively low and the asset could be oversold. You could look to buy an oversold asset on the assumption that its price will rise towards the central moving average.
Trade ideas
[E] The Bollinger Bands Indicator - IIThree main lines make up the Bollinger Bands indicator.
The first of these, the central band, is a simple moving average.
The second and third, the upper and lower bands, represent levels at which price is relatively high or low, compared to this moving average.
[E] The Bollinger Bands IndicatorThe Bollinger Bands Indicator is an oscillating indicator.
Traders use it to measure the volatility of a market.
The Bollinger Bands can help you to identify points at which the price of an asset is high or low relative to its recent average. This can in turn help you to predict when the price might rise or fall to its average level.
Neat & Clean breakout seen in Axis BankProper Neat & Clean Breakout seen in Axis bank, Price is above 200 Daily EMA. RSI and MACD both showing a positive reversal in price. Chances are very very high we can see Axis Bank 915+ levels. So accumulate here at current price 880 and go for target which i placed on Chart.
Please follow strict stop loss.
For option lover:-
Buy Axisbank May 800 Put option at 3.4
&
Sale Axisbank May 900 Put at 32
stop loss 65
Chances are very high we can reach target till first week of may month.
Please use proper stop loss to long this trade.
Axis Bank: What does it say?Technical Analysis :
Here are some key points to note about Axis Bank's chart:
1. Successful Breakdown of Head and Shoulders Pattern : The chart shows a successful breakdown of a head and shoulders pattern, which is typically a bearish signal. This suggests that there is a downward pressure on the stock price.
2. Failure of Double Bottom Pattern : The chart also shows a failure of a double bottom pattern, which is another bearish signal. This further reinforces the idea that the stock price may be headed lower.
3. Below 20-day Moving Average : The stock price is currently trading below the 20-day moving average, which is a bearish signal. This indicates that the stock is in a short-term downtrend.
4. Weak Support : The chart suggests that there is weak support for the stock price at its current level. This means that if the stock price continues to fall, there may not be strong support to prevent further declines.
5. Highest Open Interest at 800 Price : Based on the above factors, it is possible that the stock price could fall to the 800 price level, which is where the highest open interest is currently located . This means that there are a large number of open positions in the options market at this price level, which could act as a support level for the stock price.
However, it is important to note that this is just a possibility and the stock price could also move in a different direction.






















