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BharatJhunjhunwala

Cummins displaying strength, may face resistance near...

Long
CUMMINS INDIA (NSE:CUMMINSIND)  
BharatJhunjhunwala  
NSE:CUMMINSIND   CUMMINS INDIA
Trend Analysis Chart Patterns Technical Indicators NIFTY BANKNIFTY CUMMINSIND bharatjhunjhunwala Relative Strength Index (RSI) prorsi Technical Analysis optionsstrategies
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trendanalysis chartpattern indicator nifty banknifty cumminsind bharatjhunjhunwala relativestrengthindex prorsi technicalanalysis optionsstrategies
Cumminsind stayed strong and managed to register a close above an important pivot level. 600 will serve as another resistance in the coming week above which the stock can rally hard "bohot hard" Also noticing an inverse H&S in the stock. The swing of right shoulder can be kept as a stop loss. The RSI has started moving into the 60's and MACD is above the zero line. The momentum is painting a positive picture.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
www.prorsi.com
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