dev_trader

CAIRN - Possible double top @ 270. Sell Setup.

Short
NSE:CAIRN   None
1
Its been observed on daily chart that CAIRN is making double top at 270 and facing strong resistance on 270. Today 17/ 01 candle wipes out last three days gain.

This might further go down. Short at 262 levels on pullback for TP of 250 and further 240. SL should be 271 on closing basis.
Comment: Trade on initiated yet. Today (18/01) Low made is 262.65.
Comment: Double top worked as expected. Keep watching...
Comment: It crossed 270 levels very aggressively. We are not in trade.