7/27/2019 CairnIndia_W2W_290813

1/2

WAY2WEALTH Securities Pvt. Ltd., 3rd Floor, Tower B, Hincon House, 247 Park, LBS Road, Vikhroli (West) Mumbai - 400083. Tel +91 22 614

email: research@way2wealth.com website: www.way2wealth.com

Way2wealth Research is also available on Bloomberg WTWL

I EQUITIES II Cairn India I

Special Report

29th Aug 2013

Cairn Bucking the Street

View BullishThe stock seems to have given a Bullish breakout from it long term falling trend line and also from

an ascending triangle .After consolidating in tight range of 315 to 270 the stock is trading above theconsolidation zone. The volume is building up with upward price movement suggesting Bullishmomentum in the counter. Expect price to retest the breakout zone of 320 and bounce sharply onupside for 1st Target of 355 which measures the depth of the triangle from the breakout.

Facts Ascending Triangle breakout on weekly charts. Price trading above the downward sloping trend line. RSI in bullish territory. Relative strength compared to the CNX Nifty plots outperformance. Relative strength compared to the CNX Energy plots outperformance. The stock is also trading above the upper band of its Bollinger Band. Volume Indicator is strengthening.

Above is the weekly Chart of CAIRN

Investment Strategy:

Investors can buy the stock on dips in range of 320-325 for Target of 355 and 365 with aStop loss of 303

Risk/return ratio: 1:1.66

7/27/2019 CairnIndia_W2W_290813

2/2

WAY2WEALTH Securities Pvt. Ltd., 3rd Floor, Tower B, Hincon House, 247 Park, LBS Road, Vikhroli (West) Mumbai - 400083. Tel +91 22 6146

email: research@way2weallth.com website: www.way2wealth.com

Way2wealth Research is also available on Bloomberg WTWL

Special Report

I Cairn India I

DISCLAIMER

The contents of this material are general and are neither comprehensive nor appropriate for every individual and are solely for theinformational purposes of the readers. This material does not take into account the specific investment objectives, financial situation or

needs of an individual/s or a Corporate/s or any entity/s. A qualified professional should be consulted before making an investmentdecisions or acting on any information contained in this material. All investments involve risk and past performance does not guaranteefuture results. Investigate before you invest. You are strongly cautioned to verify any information before using it for any personal orbusiness purpose.

Way2wealth Brokers (P) Limited (herein after called Way2Wealth) does not guarantee the accuracy, quality or completeness of anyinformation. Much of the information is relevant only in India. Way2wealth makes no warranties, either express or implied, including, butnot limited to warranties of suitability, fitness for a particular purpose, accuracy, timeliness, completeness or non-infringement.In no event shall Way2Wealth be liable for any damages of any kind, including, but not limited to, indirect, special, incidental,consequential, punitive, lost profits, or lost opportunity, whether or not Way2Wealth has advised of the possibility of such damages.

This material contains statements that are forward-looking; such statements are based upon the current beliefs and expectations and aresubject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Theseuncertainties include but are not limited to: the risk of adverse movements or volatility in the securities markets or in interest or foreignexchange rates or indices; adverse impact from an economic slowdown; downturn in domestic or foreign securities and trading conditionsor markets; increased competition; unfavorable political and diplomatic developments; change in the governmental or regulatory policies;failure of a corporate event and such others. This is not an offer to buy or sell or a solicitation of an offer to buy or sell any security orinstrument or to participate in any particular trading strategy. No part of this material may be copied or duplicated in any form by anymeans or redistributed without the written consent of Way2Wealth. In no event shall any reader publish, retransmit, redistribute orotherwise reproduce any information provided by Way2Wealth in any format to anyone. Way2Wealth and its affiliates, officers, directorsand employees including persons involved in the preparation or issuance of this report may from time to time have interest in securitiesthereof, of companies mentioned herein.