Cairn India : Moved out of the Triangular Pattern : Short-term +++++
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On the daily charts, it has moved out of the triangular formation, suggesting continued uptrend. Oscillators are supporting the bullish view. Buying Range 332-326, Stop loss - 320, Tgt 343 & 350
The stock has declined up to 321 last month, where it found support. Since then it is trading above the said level. On 01, April, it posted a high of 351, thereby achieving target levels.
The stock has declined up to 321 last month, where it found support. Since then it is trading above the said level. On 01, April, it posted a high of 351, thereby achieving target levels.
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