I have been giving the strategies to identify the good moves coming on our way for different stocks can be identified by Bollinger bands breaking above or below.
1. Hourly charts gives good strenth for the trade
2. When a band becomes narrow on hourly chart, stock may be forming a base to have a move either side.Wait for the move and volume addition
3. When there is a significant move either side, stock will show you candles along with volumes. Below is the one example of HDFC.
Take the trade up on confirmation of breaking the band either side and closing the price outside the band on hourly chart after a narrow move for a day or two.
This strategy works better for Futures traders to identify the stock moves.It works just like moving average convergence. But for shorter term period as we are looking it in hourly charts.