Bollinger band breakout
A close above the upper Bollinger band with volume 1.5 times its average.
A close above the upper band is a two standard deviation move against the stock's own recent range, so the test adapts to each name instead of applying one percentage to all of them. In a strong trend price can ride the band for weeks. This catches the start of those runs. It is not an overbought reading. Read the guide: Bollinger band squeeze screener for NSE →
More breakouts:52-week high breakoutWithin 3% of the 52-week highVolume breakoutVolume shockers20-day channel breakout
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