Go long in Cairn India, says Sudarshan Sukhani

One can go long in Cairn India, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Cairn India is a much better chart. It is far superior opportunity to go long into. It is building a base and breaking out. It had a small base breakout, a larger one is happening. Go long here."
At 10:47 hrs Cairn India was quoting at Rs 300.90, up Rs 2.05, or 0.69 percent. It has touched an intraday high of Rs 303.00 and an intraday low of Rs 298.20.
The share touched its 52-week high Rs 365.90 and 52-week low Rs 267.90 on 17 September, 2012 and 28 March, 2013, respectively. Currently, it is trading 17.76 percent below its 52-week high and 12.32 percent above its 52-week low. Market capitalisation stands at Rs 57,479.61 crore.