Cairn was up today by 4% due to news of a tension between Us and Iran could disrupt the oil supply from GULF region.
Cairn today broke the base of the rising triangle with good volume which is a bullish sign.
Bullish trend in Cairn is also confirmed by higher lows it is making on daily chart.
One can long the Cairn with target of 345 in short term.
Stop loss at 321.
CMP today was 329.
