Cummins India - Chance for a multi-year breakout
Updated
Cummins India stands on the cusp of a multi-year breakout on a monthly chart.
The price is near its lifetime high of 1247 achieved in August 2015.
We might witness price consolidation in the range between 1000-1200 before it makes a dash to the upper side.
As always, do place a stop loss before initiating a trade.
Note: Personal analysis, not a buy/sell recommendation
Here's my past analysis on Cummins India
The price is near its lifetime high of 1247 achieved in August 2015.
We might witness price consolidation in the range between 1000-1200 before it makes a dash to the upper side.
As always, do place a stop loss before initiating a trade.
Note: Personal analysis, not a buy/sell recommendation
Here's my past analysis on Cummins India
Note
1437 and still going strongNote
Closed at 1943. up almost 55% in one year.
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