MACD bullish crossover in CUMMINSIND

CUMMINSIND trading in downtrend channel since last 1 month trading session. Yesterday it reached near the resistance level of downtrend channel in same its also shows MACD bullish crossover. This indicates that more chances it will give breakout of this downtrend channel and give projected target upto 935+.

trendline
parallelchannel
indicator
macdcross
cumminsind
downtrend
breakouttrading
swingtrading
bullish

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Comments

· TradingView for iOS

Just curious to know as volume is not much in BO, is it still good to enter at current levels ?