Tuesday, 13 August 2013

CAIRN STUCK IN A TRIANGLE

Cairn India is forming a triangle with breakout points at 315 and 280. Although there could be quite some time before we see a clear breakout on it but worth keeping a tab on this stock as pattern suggests sooner or later the stock will get out of the contraction.

Cairn thumb Cairn India – Contracting in a Triangle. Biocon breakout

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