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Saturday, July 3, 2010

Banking on Banks

Bank of India is providing a good trading opportunity.








Two inverted hammer occured at 350 level forming a strong support wehreas doji appeared thrice in 385-393 range making it a strong resistence. Banks are still strong.




Its not the end. Here comes another. Now its BOB aka Bank of Baroda. Lots of shaven bottom. Amazing.





and surprisngly its movement is closely aligned with 20SMA. Strong uptrend. Notice MACD and Stoch.







Dont you think its a good buy. Go get it man.