An inverse head and shoulder formation is a price pattern which resemble the upside momentum to continue after a neckline breakout.It considered to be highly authentic and a solid formation if its being forming in a bullish market.Also these types of price patterns must fulfill the time cycle for a particular formation.
So in my opinion CAIRN is looking to continue its uptrend as it has given a significant breakout above its neckline.
Here is the snapshot of CAIRN INDIA .
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