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Cairn India

Accumulate till 305...Stop of 290...Target 400 Plus

Analysis: Cairn India is making a triangle pattern from the past months and the range is getting narrow from the all time high of 403 to the downside 270 in weekly basis and in monthly basis SEMI Log Chart prices are making ascending channel pattern with the rising RSI Indicator. The interesting point to note cairn India has not broken its previous low of 305 made in Oct 2013...when nifty was it is outperforming very strongly.

In Upcoming period we have very bullish view on Cairn India, we are giving this portfolio pick Buy Call with the upside target of 400+ and stop loss of 290.


Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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