Home / Markets / News / Bata, MGL: Bollinger Band shows 37 mid, small-cap stocks may surge over 25%

Bata, MGL: Bollinger Band shows 37 mid, small-cap stocks may surge over 25%

Nifty Mid and Small caps 100 are showing strong upside.

The addition to MSCI's indices has sent Riyadh stocks into a bull market and brought record fund inflows

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Despite a sharp rally, analysts still remain bullish on mid- and small-caps and expect them to outperform large-caps in 2021.

Avdhut Bagkar Mumbai

2 min read Last Updated : Nov 19 2020 | 11:56 AM IST

One of the momentum indicators used in technical analysis of stocks is Bollinger Band. Bollinger Band (BB) helps to ascertain the volatility with the support of standard deviation. Herein, the upper band defines the higher range that a stock can deviate from the mean and vice versa. Besides ascertaining the price range and volatility, Bollinger Band also reflects the breakout in the form of “Expansion” and “Contraction” formation.

Expansion of Bollinger Band indicates a wide opening of the bands in the opposite direction with price rigorously following a strong trend. This scenario occurs normally after a sideways movement or consolidation.

Topics : Buzzing stocks Stock to watch Markets Trading strategies technical analysis Midcaps Smallcap

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