Cairn India - Positional NSE:CAIRN is around long term resistance levels .
Trendline support supported with volume may give breakout.
Otherwise, keep an eye on trendline break
CAIRN
CAIRN UPTREND CHANNEL (Educational)It is been observed on daily chart that the price action trending up in an uptrend channel, forming higher high and higher lows.
Cairn - Breakout Flag Pattern (Buy Setup)It is been observed that the price action ranging in a channel or a flag consolidation where it breaks out on an hourly chart, indicating further bullishness. It shall provide a high potential returns once it closes above 225 levels. (refer to the educational series to estimate targets)
Target 1: 232
Target 2: 240
Stoploss: 220
