CAIRN is in a very narrow range
since last six odd months. Today’s close is at 332.55. The range is getting
narrower every day. The range during September and October 2013 were bigger
than the range today. These things are clearly visible in the chart given
below. Whenever this kind of pattern occurs, we have to take chances and have to
trade with a strict Stop Loss. One can buy
this stock for the targets of 338
and 343. A closing basis Stop Loss can be maintained at 325.
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