Saturday, May 25, 2013



CAIRNINDIA is moving in a downward channel for more than a year.Stock see some buying pressure from yesterday. Stock have near term supports at near term downward channel support at 272 and long term support line at 260.

Stock may see a bounce from current levels or may be after some consolidation from 274 levels. Buy the stock at CMP or after some correction at around 274 levels with short SL at 272 and Long term SL at 260 to see the targets of 292.5/298

1 comment:

  1. Earlier recommended this stock and we booked our profits on target one mentioned. Now stock looks into side ways. Stock may again see 293 levels. Those who failed to exit can look to book profits in coming rally.