Cairn has flattened: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com. in a chat with ET Now, gives his views on Cairn


How does Cairn look on the charts?

Well Cairn has sort of flattened out. It started sliding after a pretty good bull run earlier. The Sah Petroleums is interesting though but Cairn seems to have dealt with those numbers yesterday, made its big move yesterday moving up today also but the real jump came yesterday on decent enough volumes. So may be the news has factored in there. Otherwise the stock is not too bad if it goes to about Rs 31-32 that is about a rupee up from here. It gets to two and a half-three year high so that is a pretty decent uptrend.