Posted by: Babu Suresh | February 17, 2012

HMA-Bollinger Bands Trading System-3

Today, SBIN’s performance was spectacular. There were two long entries, I have highlighted the second and the most powerful one in the chart attached below. I learned way back in 2006 from one of the experienced traders to keep State Bank of India as a barometer to gauge the mood and direction of the market.

The interesting aspect of State Bank of India is, it does not much impact the main index or the bank index, despite being present in both the indices but affects the overall sentiment of the banking stocks as well as other key stocks.

Take few minutes to study the chart and if you need any clarifications do not hesitate to ask me.

SBIN –  16–02–2012

SBIN_160212

Healthy And Wealthy Trading

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