Sunday, April 3, 2011

Intraday Recommandation for 04.04.2011

Buy
1. Axis Bank [532215]

Last two candlesticks formed a Bullish Harami Pattern. This is a bullish reversal pattern that marks  a potential change in trend. However, its reliability is low and it definitely requires confirmation.

 
2. Wockhard [532300]

An Emply Green Spinning Top was formed. This represents complete indecision between the bulls and the bears.

Sell

1. Wipro [507685]

A filled Red Spinning Top was formed. This represents complete indecision between the bulls and the bears.

2. ICICI Bank [532174]

Red Candlestick was formed. This represents normal selling pressure.


Please be very careful with you trade today. The internation market signals are positive but as per chart (EOD 01.04.11), market may go negative. If this senario arises, please be very careful and exit you position at early stages.

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