-cairn is moving in a channel like setup (more of looks like a wedge)
-the upper TL has resisted the price in previous occasions
-can this time also the price fall to the lower TL
-also the price has moved below 50 DEMA which has given a good support so far
-RSI indicating a reversal
-Can it reach a possible target of 265.60 with stop @ 289
Dear friends there is good buying opportunity in dis stock , as per fibbi dis stock close above its 0.618 level on weekly basis so buy dis stock for good risk reward ratio.keep in mind that there is two targets so pls trade according to that levels only and book profits near that area. good luck.
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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.
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. 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.
It's an irregular correction from email@example.com in 2008 which has taken shape of W-X-Y sequence. Y-Wave is currently in progress since bottoms of 106.50. This irregular correction is 3-3-5 sequence - 3 internal waves for W-wave -- 3 internal waves for X-wave till 106.50 & Currently on impulsive 5 wave move for a larger Y - wave.
This is irregular correction is...