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


Healthy And Wealthy Trading


Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s


%d bloggers like this: