Cummins India: Near Multi years Breakout
Updated
The stock has performed exceptionally well in the current market rally and now retraced to a level of 750-760.
Currently it is trying to make a base between 700-750 levels. once a daily candle is closed above 800 Levels with above average volumes which currently acting as resistance. Then a further rally can be seen to 1100 levels.
All levels are mentioned on chart. The perfect entry would be only after a strong closing above 800 levels.
DISC: For educational purposes only. Please consult your advisor before making any bet.
Currently it is trying to make a base between 700-750 levels. once a daily candle is closed above 800 Levels with above average volumes which currently acting as resistance. Then a further rally can be seen to 1100 levels.
All levels are mentioned on chart. The perfect entry would be only after a strong closing above 800 levels.
DISC: For educational purposes only. Please consult your advisor before making any bet.
Trade active
Stock has given closing above 800 levels now.Note
Target 1 reached.
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