Simple Price Action + Bollinger Band Strategy
Buy Setup --------
- Price closes below Bollinger Band
- Last candle closes in green, confirming bulls have returned
- Buy trade is taken
Short Setup --------
- Price closes above Bollinger Band
- Last candle closes in red , confirming bears have returned
- Short trade is taken
Strategy open for suggestions and updation
Suitable for intraday banknifty 5min,10min 15min chart
Check if it suits you, in stocks also.
I got this idea from @Abhishekkar_ video youtube.com
Borrowed this idea from someone else and modified as per our need.