June 28, 2010

Dragonfly Doji in oil stocks

HINDUSTAN PETROLEUM MONTH CHART
BHARAT PETROLEUM MONTH CHART

  • The charts shown here are monthly chart of bharat petroleum and hindustan petroleum.
  • See how the dragon fly doji appears in the monthly chart in april itself.
  • Smart money has entered these stocks months ago while the news broke out last week.
  • So some profit booking may take place in these stocks before they take off again.

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