Posted by: Babu Suresh | February 17, 2012

HMA-Bollinger Bands Trading System-4

Patience is a virtue, especially when it comes to day trading. Today’s session was such that except for the first 45 minutes filled with hectic activity, for almost 4 hours followed by that, the market remained subdued. I had sent my usual message to my friend about my observation at 10.40 am –

Ravi T (17/02/2012 10:40:09 AM): Time for prudence. SBI S1-2405, R1-2464

Although, IDFC and Tatamotors gave good opportunities for going short, I stayed with JSW Steel and SBIN, the charts are attached below for our understanding.

JSW STEEL –  17–02–2012

JSW Steel1_170212

SBIN –  17–02–2012

SBIN_170212

Healthy And Wealthy Weekend

Healthy And Wealthy Trading

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