Bullish Engulfing pattern seen in HINDALCO, VEDL & CAIRN

Today Nifty 50 stocks opened more than a percentage lower to record 52 weeks low of 7,494.35. However Nifty manage to close well above the 7,500 levels. There are lot of shares contributed the recovery. Hindalco Industries Limited (NSE:HINDALCO), Vedanta Limited (NSE:VEDL) & Cairn India Limited (NSE:CAIRN) from Nifty 50 shares have opened well below the previous day’s close and manage to engulf the entire previous day’s bearish candle body.

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