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CAIRN INDIA


ACCUMULATE BETWEEN 320-300 WITH STOP LOSS OF 280 FOR TARGET OF 400

BSE: 532792 | NSE: CAIRN | ISIN: INE910H01017 | SECTOR: OIL DRILLING AND EXPLORATION


WE HAVE BULLISH VIEW ON CAIRN INDIA, ON WEEKLY BASIS PRICES ARE SHOWING STRONG TREND LINE SUPPORT AT 300 LEVEL, ON A LONGER TIME FRAME CHART IS FORMING A ASCENDING TRIANGLE PATTERN AND PRICES ARE SHOWING STRONG SUPPORT  NEAR LOWER LEVEL OF TRIANGLE,

WE ADVICE TO ACCUMULATE CAIRN INDIA BETWEEN 320 -300 LEVEL, WITH STOP LOSS OF 280 FOR TARGET OF 400.

ITS GOOD RISK REWARD CALL, RISK REWARD: 1:4
 

{26.07.2014}


CAIRN INDIA (WEEKLY CHART)



























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