Long term pattern of Cairn India still positive: Sandeep Wagle

ET Now spoke to Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com about Cairn India.

What is the call on Cairn India?

News based is what I would say and the sentiment can change very fast. So at this point of time, the short term looks a little bearish but long term pattern is still positive. I would be a buyer down to possibly 330 or so. If it goes below 315, there would be a change of trend but it would be short term. As a trader for the next few days, it is best avoided. It is moving based on news but if you have a few months, say 2 to 3 months, the way is upside and we have targets beyond 390.