Cairn India is it ready for a Long Term Trend Change?
After a long term downtrend cairn India has give a first dow
Theory change by making a higher high and lower high in weekly charts, which
clearly shows the cairn ready for a trend. Currently trading at 172 CMP.
Its also notable that Cairn has completed a IHNS too in
weekly charts gives as a immediate target of 189 and a target of 215 in the
short term.
A harmonic pattern Butterfly is under construction in cairn
weekly since it broke the B point. The expect harmonic resistance comes at 205
and 226.
With all analysis pointing Cairns trend change. Its worth to
watch cairn in the future.
Disclaimer: All the views shared are for
educational purpose and my self improvement purpose from other senior traders.
if you find any scrip interesting plz do your own analysis or consult SEBI
registered financial advisors before taking trading decision.
0 comments:
Post a Comment