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Cummins India: Near Multi years Breakout

Long
NSE:CUMMINSIND   CUMMINS INDIA
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.
Trade active: Stock has given closing above 800 levels now.

Comments

This is one super scrip with excellent performance. Will keep an eye! A well done analysis. Thank you
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@Gotledu, Thank you for appreciating. Please follow me on trade_opportunities on instagram.
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Breakout already happened long back, trend line is not correct.
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trade_opportunities ajeetkumarsachan01
@ajeetkumarsachan01, If you are talking about the breakout near 560 levels then that was not multiyear breakout buddy. I would request you to please pay attention to the complete description of the chart analysis.
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I am still learning and just cross checked with my analysis. It did match level to level. Thanks for posting! @trade_opportunities
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@PraveenMakam, Keep it up buddy.
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