UZC trade ideas
Axis Bank ready to BullishBuy Axisbank Closing 895.95 with stop loss 870 then targets are 930-950-980.
Buying Reason.
1 --> Price is made the perfect breakout.
2 --> Price is close above all EMA.
3 --> RSI is above 60.
4 --> ADX is showing the Bullish move and +DMI Rise.
5 --> Volume shows the perfect Breakout.
6 --> Bollinger Bands are open on the upside.
AXIS BANKAXIS Bank is at a good level to buy. You can start with small quantity and further increase quantity after a bullish confirmation.
The three possibilities are marked in the chart. A good stock to keep on your watchlist.
The only downside is the volumes, they are indicating a short position, please trade with proper risk management
[E] The Bollinger Bands Indicator - IX Conversely, if you change this to a higher setting, 30 periods, for example, then the indicator will be less sensitive to price movements. This will result in smoother wider bands that price will reach and break through less often.
This will offer less trading opportunities, but the signals will be more reliable.
[E] The Bollinger Bands Indicator - VIIIIf you change this to a lower setting, 10 periods for example, then the indicator will be more sensitive to price movements. This will result in choppy and narrower bands that price will reach and break through more often.
This will offer more trading opportunities, but the signals will be less reliable.
[E] The Bollinger Bands Indicator - VIIYou can also use the distance between the bands to indicate how volatile the price of an asset is.
If the distance between the bands is large, this indicates high volatility.
Conversely, if the distance between the bands is small, this indicates low volatility.
[E] The Bollinger Bands Indicator VIIf 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.
[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.
[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.