As the tittle say, hopeful of 5 % uptrend on this one, BB and RSI support claim, flat uptrend ongoing here.
NSE:CAIRN is around long term resistance levels . Trendline support supported with volume may give breakout. Otherwise, keep an eye on trendline break
Cairn will give short breakout Below 266 it can go to level Downside level- 263.30/260.90 Upside Safe level- 268.50
It is been observed on daily chart that the price action trending up in an uptrend channel, forming higher high and higher lows.
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