NeeteshJain

Cairn comes under my Long Term Investment radar

Long
NSE_EOD:CAIRN   None
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.
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