Monday, April 4, 2011

Addition in Intraday trade for 04.04.2011

Buy
1. Hind Oil Exploration [500186]
    CMP: 223.15
    SL: 216.00
    Target: 235.00

The last two candlesticks formed a Bullish Engulfing Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.

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