Cairn India Ltd up trend journey to reverse in near term

13 Kas 2016

Cairn India Ltd. trading in its up trend for long term and forming a rising wedge pattern, after hitting the wedge resistance last week it seems to go in reverse direction with a target to its wedge support at around 122.00 ,traders may enter short in this stock with a slight upward when it hits the resistance again and breakout doesn't occurs.