Technical Analyst, Ashwani Gujral is of the view that one should buy Cairn India on every decline. Any decline towards Rs 270, it needs to be bought.

Gujral told CNBC-TV18, "Cairn is something that I would buy on every decline. Any decline towards Rs 270, it needs to be bought. Above Rs 306 we are maintaining our target at about Rs 360."

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	273.95	284.25	10.30	3.76
5-Days	278.45	284.25	5.80	2.08
7-Days	259.10	284.25	25.15	9.71
15-Days	258.90	284.25	25.35	9.79
1-Month	244.90	284.25	39.35	16.07
3-Month	205.40	284.25	78.85	38.39
6-Month	205.50	284.25	78.75	38.32
9-Month	145.50	284.25	138.75	95.36
1-Year	135.20	284.25	149.05	110.24

Disclosure: The analyst has long positions on Nifty.