Latest Updates on Cairn India
As per latest report published in newspaper on 16-02-17 short term trader can consider buying Cairn (I) stock at current levels. Ever since stock bottoming out from it low in January 2016, stock is continuously on bull run forming higher top. Moreover medium term trend is still looks up. Stock got stuck in a range of Rs. 286 - 268 and today finally it broke its range by showing long bullish candle. Stock closed with a gain of Rs.12.70 (+4.62%) at Rs.287.50. Stock major trend indicators are showing bullish signals. As per report Cairn Indian share price target Rs.299 -Rs 305 with a stop loss of Rs.281.
Share price of Cairn India closed with a gain of 3.39% on 13th February 2017 after company posted its Q3 results which were 15 fold jump to Rs.604 cr comparing to Rs.40.90 cr as quarter last year. Stock closed at Rs. 282 with a gain of Rs. 9.25. Technically also stock is moving up from support and more strength is expecting in coming days. And will find strong resistance around 286.50 its previous top.