Nooresh Merani of AMSEC Research told CNBC-TV18, "Technically Cairn India has given a triangle breakout around Rs 310-315 levels. It indicates that in the medium-term the stock should head towards Rs 360. So one should hold onto the stock at current levels and look towards Rs 360 as a point to review."
At 14:39 hrs Cairn India was quoting at Rs 324.05, up Rs 0.65, or 0.20 percent.
The share touched its 52-week high Rs 349.90 and 52-week low Rs 267.90 on 22 January, 2013 and 28 March, 2013, respectively.
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