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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him through Gmail/telegram ID: asisjpg

Thursday, 28 July 2016

Cairn India: 210-220 May Be A Big Hurdle Despite "Sweetened offer" From VEDL; Cairn Has To Shale Out $1.70 bln Beside Giving Access To Its Huge Cash of $3.5 bln Amid Various Legal Battles

Trading Idea: Cairn

 CMP: 194

 Sell either around 200-210 OR on rise around 220-230;

 TGT: 189*-178-170*-160-150*-140-130*-115-110-105* (1-6M)

 TSL> 215 OR > 235
Note: Sustaining above 215, Cairn may further rally towards 220-230 zone, which is again a strong resistance area and consecutive closing (3 days) above 235 zone, it may further rally towards 245*-255 & 262*-270 and 288-305* area in the near to mid term (alternative bullish case scenario from the current trading level).

Any one, holding long position in the scrip, may watch 189-183*-178 zone for any positional support.


More inputs to be updated later----


Analytical Charts:










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