Sudarshan Sukhani bullish Cairn India

Sudarshan Sukhani of s2analytics.com is bullish Cairn India.

Sukhani told CNBC-TV18, "The view on Cairn India was bullish yesterday and luckily Cairn India rallied. The view continues to be the same. It is now breaking out of that Rs 340 resistance; it has already done that. I think it will do it decisively. We want to be long in this. There is hardly any stock here where you can go long. Cairn is one of the few. Eventually it should reach Rs 400 but today it may or may not rally. It is not an intraday call."
He further added, "Orchid Chemicals and Pharmaceuticals has picked up yesterday, for the last three days it has been giving back to back rallies and we have to respect even the short-term uptrend. So for a trader who is looking at a day or two days of positions Orchid is probably a buying opportunity on a dip. But beyond that I would not advice any positions."