CAIRN INDIA share price targets and forecast 2014

CAIRN INDIA share price daily chart analysis

CAIRN INDIA share on last trading session closed at 321.7 with loss. On daily chart CAIRN INDIA, trend and momentum both are bullish. On downside 320 is stocks 3-month average level and strong support on closing basis. For month of Jan. 2014,
CAIRN INDIA share price daily chart
CAIRN INDIA stock support zones are 320 and then 288 while on upside 352 and then 385 are resistance as well as targets for this months. On daily chart, indicators are mixed so expect consolidation and then upside for CAIRN INDIA stock.
CAIRN INDIA share price weekly chart

CAIRN INDIA share price weekly chart analysis

CAIRN INDIA share on weekly chart is in uptrend and with bullish momentum. Trading above all medium to long term averages. On weekly chart, indicators are bullish and suggesting underlying buying momentum and strong medium view for this stock. From medium term view, CAIRN INDIA share support zones are 310 and then 250 while on upside 375 and 435 are resistance zones. In addition, above 310 on weekly closing basis keep medium term long view for CAIRN INDIA share and expect 375 as target in next 6-8 months period.

CAIRN INDIA share price monthly chart analysis

CAIRN INDIA share on monthly chart, 300 is stock 3 years average level and 280 is its 5 years average. Both these level will serve as strong support on monthly closing basis. For year 2014, investors keep long view for CAIRN INDIA share and follow buy on dips view above 280 zones. On upside can expect 400 and then 520 as target in next 12-24 months period.
CAIRN INDIA share price performance

About CAIRN INDIA company

Cairn India Limited is primarily engaged in the business of surveying, prospecting, drilling, exploring, acquiring, developing, producing, maintaining, refining, storing, trading, supplying, transporting, marketing, distributing, importing, exporting and generally dealing in minerals, oils, petroleum, gas and related by-products. As part of its business activities, the Company also holds interests in its subsidiary companies, which have been granted rights to explore and develop oil exploration blocks in the Indian sub-continent. As of March 31, 2012, the Company had interest in various oil and gas blocks/fields, which include PR-OSN-2004/1, KG-ONN-2003/1, KG-OSN-2009/3 and MB-DWN-2009/1. Effective August 12, 2013, Sesa Goa Ltd (Sesa Goa), a majority-owned unit of Volcan Investments Ltd’s Vedanta Resources Plc (Vedanta) raised its interest to 59% from 20.17%, by acquiring a 38.83% interest in Cairn India Ltd.

CAIRN INDIA Fundamental ratios

Range320.15 – 323.40
52 week267.70 – 349.00
Open320.70
Vol.427,194.00
Mkt cap613.48B
P/E4.94
Div/yield6.00/3.89
EPS64.95
Shares1.91B
Beta    –
Inst. own    –

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Updated: 01/01/2014 — 6:26 AM

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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