Earlier recommended the stock to go long for targets of 292.5 levels which were achieved by stock.Also mentioned recently that stock will be into sideways so no trading interest. For almost 20 days stock is into sideways moving in an upward channel. Stock have a trend line resistance at 294 levels, Breaking which stock may see the levels of 300(100 DEMA) to 305(Previous Top).
If stock breaks down the channel, stock may see the levels of 275 or 260 levels downside. Watch this stock position yourself in a way that you can make use of this moment. While nifty is trending down, almost all stocks helped nifty except this CAIRN for last 20 days with not much moment. Now this may join the moment of nifty soon once break out or break down the channel.
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