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
Cairnindia
Short, Cairn India approaching wedge support.Cairn India has been trading in uptrend an gradually forming a rising wedge, it closed last week on weak signs and it seems to target the wedge support which is around 237 in the coming week. traders may enter short in cairn india with target of 237.
Cairn India Ltd up trend journey to reverse in near termCairn India Ltd. trading in its up trend for long term and forming a rising wedge pattern, after hitting the wedge resistance last week it seems to go in reverse direction with a target to its wedge support at around 122.00 ,traders may enter short in this stock with a slight upward when it hits the resistance again and breakout doesn't occurs.
