Trade using Bollinger Bands

There are different indicators available for Trading in the Stock Market. Bollinger band is an important indicator and used extensively in Technical analysis. The Bollinger bands are formed by a moving average and the positive and negative standard deviation across it. The price movement is confined and fluctuates between the upper and lower band. The breakout from the bands can be taken as potential chances of trend reversals. The Bollinger bands are used by technical analyst to generate accurate tips on stock market.