NeeteshJain
Long

Cairn comes under my Long Term Investment radar

NSE_EOD:CAIRN   CAIRN INDIA INR10
Prices have come down at discount for this stock in terms of fundamentals.
In technical terms, the stock has completed A,B,C,D,E corrective waves, now it will have an impulse leg against its current move. I would estimate a target between 272-284 (61.8 retracement of current impulse leg move) to be achieved in 6-12 months. It is a great opportunity to accumulate this stock on every dips for handsome future returns.
Thanks for sharing. Here is my analysis on Cairn.

https://www.tradingview.com/chart/Y0FwsSQP/
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NeeteshJain PredictNifty
It is pleasure to watch your analysis as they are thoroughly watched and analyzed.
I believe it is a good time to invest in this stock.
Cheers
Reply
PredictNifty NeeteshJain
Thank you for your kind words. However, after looking closely at the Cairn chart again (this time in Investing.com, since tradingview doesnt provide minor timeframes like 15/30 mins), it seems to me that the bottom is around the 117/118 levels. I will post updated idea on Cairn now :) Dont want to mis-guide people even if its a difference of 126-118 = 8 points :)
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PredictNifty PredictNifty
Here is the new link -

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NeeteshJain PredictNifty
This looks even better as now we can confirm double bottom in this scenario. Low risk and high profitable trade.
I sincerely appreciate your ethics that you have for yourself and also towards your profession, I wish you the very best.
Cheers
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